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Reading: Trump-Backed American Bitcoin Now Holds 7,000 BTC
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Trump-Backed American Bitcoin Now Holds 7,000 BTC

News Desk
Last updated: April 4, 2026 8:12 am
News Desk
Published: April 4, 2026
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American Bitcoin (NASDAQ: $ABTC), a company backed by Donald Trump, has significantly enhanced its cryptocurrency reserve, now holding 7,000 Bitcoin (BTC). This represents a threefold increase since the company’s initial public offering (IPO) in September 2025.

In addition to acquiring more Bitcoin, American Bitcoin has reported a substantial increase in its Satoshis per share, a key metric indicating the amount of Bitcoin allocated to each outstanding share. The company currently stands at over 660 Satoshis per share, demonstrating its commitment to expanding Bitcoin exposure for its shareholders.

These moves have positioned American Bitcoin as the 16th-largest publicly traded BTC treasury company in the world, marking a remarkable ascent of 14 places in just six months. Eric Trump, who serves as co-founder and chief strategy officer at American Bitcoin, expressed enthusiasm about the company’s growth in a recent news release, stating, “The accumulation machine is running at full throttle, mining at a discount and disciplined buying. No company is climbing the rankings faster. Up we go.”

Despite the impressive accumulation of Bitcoin, American Bitcoin’s stock performance has faced challenges. Since its IPO, the value of ABTC shares has plummeted by 100%, currently trading at just $0.79 per share. The disparity between the company’s increasing Bitcoin reserves and its declining stock price raises questions about investor confidence and market sentiment surrounding cryptocurrency ventures.

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