Key Highlights
- American Bitcoin is now the 16th largest Bitcoin holder, owning 6,899 BTC, slightly more than Galaxy Digital.
- ABTC grows its Bitcoin holdings by mining and buying on the open market, using revenue from mining to buy more coins.
- The Trump family is involved, with Eric Trump and Donald Trump Jr. owning part of ABTC, while Trump Media & Technology holds 9,542 BTC.
American Bitcoin (ABTC), a company linked to the Trump family, has grown to become the 16th largest corporate holder of Bitcoin (BTC).
According to the Bitcoin Treasury page, the firm now owns 6,899 BTC, worth around $491 million. This is slightly more than that of Mike Novogratz’s Galaxy Digital, which holds 6,894 BTC, and ProCap, with about 5,457 BTC. This growth comes from both buying Bitcoin on the open market and expanding its mining operations over the years.
Accumulating Bitcoin through Mining
ABTC started in March 2025, launched by Hut 8 (HUT), as a majority-owned subsidiary focused on mining Bitcoin and keeping it on its balance sheet. Hut 8 owned 80% at the start, and the rest was owned by investors, including Eric Trump and Donald Trump Jr.
Unlike other mining companies that are moving into artificial intelligence, ABTC is focusing mainly on Bitcoin mining. Earlier this month, it bought 11,298 ASIC miners for its Drumheller, Alberta site. These machines are expected to increase mining power by 12% and add around 0.3% of the world’s Bitcoin computing network.
ABTC’s Bitcoin purchase strategy
The company’s strategy is a high-cost play. About two-thirds of its Bitcoin came from buying on the open market. The company used funds from a $150.5 million stock offering in the fourth quarter of 2025 to buy more coins.
ABTC also mines Bitcoin at a 53% gross margin and uses the revenue it earns from mining to buy even more. This approach caused a $59 million loss in the fourth quarter because the market price of Bitcoin fell.
In contrast, firms like Galaxy Digital focus on a different approach. Its $100 million hedge fund, launched in the first quarter of 2026, takes both long and short positions. Up to 30% of the fund is in crypto tokens, and the rest is in financial services stocks. Galaxy is also developing a steady revenue stream through its Texas “Helios” data center for AI companies.
Broader context
The climb in ABTC’s holdings shows how newer companies are moving up in the Bitcoin rankings.
At the top remains Michael Saylor’s Strategy (MSTR) with 761,068 BTC. Other major holders include Marathon Digital (MARA), Jack Mallers’ Twenty One Capital, Bullish (BLSH), Coinbase (COIN), and Tesla (TSLA). Trump Media & Technology (DJT), also linked to U.S. President Donald Trump, holds 9,542 BTC.
Meanwhile, Bitcoin itself is, at the time of writing, trading for $71,438. This is down about 3.9% over the last 24 hours, according to data from CoinMarketCap.
Also Read: Bhutan Moves 973 Bitcoin to Exchanges Amid Strategic Mining Pivot
