American Bitcoin, a bitcoin mining company with connections to the Trump family, has made significant strides in expanding its corporate treasury, now holding over 6,500 bitcoin. This places the firm among the largest publicly traded holders of the cryptocurrency, as it continues to scale up its mining operations. The company recently disclosed an increase in its bitcoin holdings, with co-founder and chief strategy officer Eric Trump revealing that they accumulated more than 500 BTC over the past three weeks. At today’s market prices, the treasury is valued at approximately $470 million.
According to data from Bitcoin Treasuries, American Bitcoin ranks as the 17th largest public company holding bitcoin. The firm trails behind other notable companies, including Galaxy Digital, as the trend of publicly traded firms adopting bitcoin treasury strategies continues to gain momentum. American Bitcoin, which operates under the ticker ABTC, has a market capitalization close to $1.4 billion, with shares currently trading at $1.21, reflecting a 6% rise during the trading session. However, despite this uptick, the stock is down more than 30% since the beginning of the year, following a substantial decline from post-listing highs.
In a recent statement on X, Eric Trump commented on the lobbying efforts of major U.S. banks such as JPMorgan Chase, Bank of America, and Wells Fargo, alleging that they are working in Washington, D.C. to block higher-yield crypto and stablecoin products. He criticized the banks for offering nearly-zero interest to depositors while profiting from higher rates from the Federal Reserve. Trump indicated that lobbyists are supporting legislation like the CLARITY Act, which aims to restrict crypto yields and protect traditional banking institutions from emerging competition.
The growth in American Bitcoin’s holdings is underpinned by significant infrastructure investments intended to enhance the company’s bitcoin production capacity. Recently, the company announced the acquisition of 11,298 application-specific integrated circuit (ASIC) mining machines. This new equipment is expected to add approximately 3.05 exahash per second of computing power to their operations. Once fully deployed, the company’s mining fleet is projected to consist of around 89,242 machines, yielding a total hashrate of nearly 28.1 EH/s. The new hardware is slated for installation at the company’s mining facility in Drumheller, Alberta.
The expansion aligns with a strategic focus on accumulating bitcoin through large-scale self-mining rather than sourcing it from the open market. Company executives assert that scaling operations will allow them to mine bitcoin at costs lower than current spot prices. American Bitcoin President Matt Prusak emphasized that the company’s operational strategy prioritizes increasing the amount of bitcoin on its balance sheet, citing a gross margin of around 53% during the fourth quarter of 2025.
Additionally, the company disclosed insider share purchases following its most recent earnings report, with Board member Justin Mateen acquiring approximately 1.3 million shares at an average price near $1 per share. Mateen, who co-founded the dating app Tinder, joined the board in 2025. Another director, Richard Busch, purchased around 330,000 shares over two days of trading. These transactions occurred after the company’s trading window reopened post-earnings disclosure.
American Bitcoin reported a fourth-quarter loss of around $59 million, with a full-year 2025 net loss exceeding $150 million. These losses are partly attributed to accounting rules that necessitate marking bitcoin holdings to market, which can result in significant paper losses during price declines. Nonetheless, the company managed to generate over $185 million in revenue during its inaugural year as a public company.
