On February 17, 2026, on-chain data and regulatory filings confirmed that American Bitcoin Corp (ABTC), the mining and treasury firm co-founded by Eric Trump and Donald Trump Jr., has officially surpassed the 6,000 BTC mark in its corporate reserves. This achievement comes less than six months after the company’s high-profile debut on the Nasdaq Global Select Market, following its merger with Gryphon Digital Mining. According to data tracked by Arkham Intelligence, the firm’s total holdings reached approximately 6,060 BTC, valued at over 413 million dollars based on the current market recovery toward the 70,000-dollar level.
This rapid accumulation has positioned American Bitcoin among the top 20 largest publicly traded Bitcoin holders globally, now ranking as the 17th largest treasury. The firm is rapidly closing in on established institutional players like Mike Novogratz’s Galaxy Digital. This milestone underscores American Bitcoin’s aggressive “mining-to-treasury” strategy, which involves retaining the majority of its daily production rather than liquidating assets to cover operational costs.
Central to American Bitcoin’s growth is its partnership with Hut 8 Mining, which retains an 80% equity stake in the venture. By leveraging Hut 8’s existing high-performance computing infrastructure in both Niagara Falls, Texas, and Alberta, the company has achieved a steady stream of “virgin” Bitcoin production, even as network difficulty reaches new all-time highs. Eric Trump, serving as the firm’s Chief Strategy Officer, highlighted that the primary objective is to on-shore trillions of dollars in digital value, aiming to position the United States as a leader in both Bitcoin hashing power and sovereign-grade reserves.
In furtherance of this vision, American Bitcoin recently announced plans to expand its ASIC fleet with an additional 17,000 machines, supported by a 220-million-dollar capital raise completed earlier in the year. This expansion aims to insulate the company from short-term price fluctuations by lowering production costs through vertical integration and direct energy sourcing.
Despite the remarkable growth of its Bitcoin reserves, American Bitcoin has faced challenges due to the broader equity market downturn that has affected the start of 2026. Shares of ABTC are currently trading approximately 45% lower year-to-date, a reflection of investor caution following systemic liquidations in late 2025. Nevertheless, management stands firm in its “HODL” approach, viewing the current price suppression as a necessary consolidation phase prior to the next upward movement.
American Bitcoin’s strategy of using Bitcoin as a primary reserve asset aligns with a growing trend among U.S. firms—such as Nakamoto Inc. and Bitmine—that seek to outperform traditional financial benchmarks by holding a scarce and decentralized digital commodity. As the company gears up for its Q1 earnings report, emphasis remains on its capacity to sustain a high accumulation rate while adapting to the evolving regulatory landscape. For the broader market, reaching the 6,000 BTC milestone serves as definitive proof of the viability of the “Trump-backed” model of corporate Bitcoin ownership, further solidifying its role in the burgeoning American digital finance ecosystem.
