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19/03/26 09:05 UTC-04

American Bitcoin surpassed Galaxy Digital in BTC holdings

American Bitcoin, a U.S.-based company engaged in Bitcoin mining and custody, co-founded by Eric Trump, has surpassed Galaxy Digital in total Bitcoin holdings. This allowed it to take 16th place in the ranking of the largest public corporate holders of the flagship cryptocurrency in the world.

Currently, American Bitcoin holds 6,899 $BTC on its balance sheet, worth approximately $491 million. At the same time, Galaxy Digital’s reserves are estimated at 6,894 coins. The difference is minimal — just five bitcoins. Therefore, after each mining cycle or with each purchase of $BTC, the positions of these companies in the ranking will change.

American Bitcoin was founded in March 2025 as a subsidiary of Hut 8, which owns its controlling stake. Eric Trump became a co-founder and Chief Strategy Officer of the company.

Recently, American Bitcoin acquired 11,298 ASIC miners for its facility in Drumheller. It is expected that this acquisition will increase the company’s production capacity by approximately 12%. This will directly affect the growth rate of its Bitcoin reserves. And if Galaxy Digital does not increase its balance at a similar pace, the gap between the two companies will grow solely due to mining.

However, Galaxy Digital should not be discounted. In March 2026, the company fully relocated its operations to the United States and began trading on the Nasdaq exchange under the ticker GLXY.

See also: "Crypto ETFs ended inflow streak amid macroeconomic pressure"

#Bitcoin (BTC) #Reserves

Editor: Pereyidenko Ihor
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