American Bitcoin has made a significant mark in the cryptocurrency landscape, now holding approximately 6,899 Bitcoin, which positions it as the 16th-largest publicly listed company by Bitcoin holdings. As of recent evaluations, with Bitcoin trading near $71,000, the company’s Bitcoin stash has a market value close to $492 million. This achievement was officially announced by Eric Trump, the co-founder and chief strategy officer of American Bitcoin, who took to social media to highlight that the company has surpassed Galaxy Digital, which holds 6,894 Bitcoin.
This milestone comes shortly after American Bitcoin disclosed having roughly 6,500 Bitcoin, indicating a strategic accumulation of approximately 399 Bitcoin over just two weeks. The company, established in March 2025, operates as a majority-owned subsidiary of Hut 8, which initially held an 80% stake, while Eric Trump and his brother Donald Trump Jr. together own the remaining 20%. The formation of American Bitcoin was aided significantly by a partnership with Eric Trump’s American Data Centers venture, aimed at industrial-scale mining and building a strategic reserve of Bitcoin.
Unlike some competitors who are pivoting towards artificial intelligence infrastructure, American Bitcoin has maintained a focus on expanding its mining operations. In March 2026, the firm purchased 11,298 ASIC miners for its Drumheller, Alberta facility, anticipating an enhancement in computing power of 3.05 exahashes per second. This addition is expected to contribute approximately 0.3% to the total hash rate of the global Bitcoin network, thereby lifting the company’s overall mining capacity by an estimated 12%.
American Bitcoin’s strategy is unique, prioritizing the accumulation of Bitcoin at costs below market prices through large-scale mining activities, distinguishing itself from other firms that opt to buy Bitcoin directly on the open market. In terms of competition, the broader landscape reveals a highly competitive environment. Notably, Michael Saylor’s venture leads the rankings with an impressive 761,068 Bitcoin, while Marathon Digital and Jack Mallers’ Twenty One Capital follow closely. Amidst the top contenders, Trump Media & Technology Group, which operates the Truth Social platform and is majority-owned by former President Donald Trump, ranks 13th with approximately 9,542 Bitcoin.
Trading under the ticker AABTC, American Bitcoin has yet to announce a timeline for its next holdings update, leaving investors and enthusiasts curious about the company’s future developments and its ongoing commitment to Bitcoin mining and acquisition strategies.
