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In 2026, Bitcoin reserves at Eric Trump’s mining company surpassed 7,000 BTC
On Sunday, reserves of American Bitcoin Corp. exceeded 7,000 BTC, placing this Miami-based mining company 16th among publicly traded Bitcoin-holding companies worldwide.
American Bitcoin Corp., backed by Hut 8, now holds over 7,000 BTC
The company (Nasdaq: ABTC) announced this milestone on Monday via its official X account, noting that it has nearly tripled its reserves since its Nasdaq listing in September 2025. At the current Bitcoin price of around $67,500, these holdings are valued at approximately $473–475 million, according to bitcointreasuries.net.
ABTC ended 2025 with about 5,401 BTC. By mid-February 2026, it surpassed 6,000 BTC, reached around 6,500 BTC in early March, climbed to approximately 6,899 BTC by mid-March, and now exceeds 7,000 BTC. The company reported that its “satoshis per share” metric has more than doubled since its Nasdaq debut.
Image source: bitcointreasuries.net, March 30, 2026.
About one-third of the assets were generated through in-house mining operations. The remaining two-thirds reflect strategic purchases on the open market. The company operates approximately 89,000 miners, delivering a hash rate of around 28.1 EH/s, following the acquisition of 11,298 new ASICs in early March 2026.
ABTC, majority-owned by Hut 8 Corp., went public through a merger with Gryphon Digital Mining. Co-founder and Chief Strategy Officer Eric Trump has promoted the company’s approach of holding mined and purchased Bitcoin rather than selling it, describing the company as building foundational Bitcoin infrastructure in the United States.
In the BitcoinTreasuries.net ranking, ABTC now sits just above Galaxy Digital, which holds approximately 6,894 BTC. The company has been increasing its reserves faster than several larger holders, despite being a relatively new public company.
Following the news, ABTC shares rose slightly ahead of Monday’s market open. However, overall the stock has lost approximately 80–90% of its value from post-listing highs near $9 and is trading in the $0.85–$0.90 range as of late March 2026.
American Bitcoin stock on tradingview.com on Monday.
This decline is attributed to several factors. The company raised capital through at-the-market share offerings, resulting in over 900 million shares outstanding. Critics argue that such dilution reduces per-share value, even as BTC reserves grow.
ABTC also reported a net loss of $59 million in Q4 2025, driven by non-cash mark-to-market losses of $227 million on its Bitcoin holdings under new fair value accounting rules from the Financial Accounting Standards Board. In Q4 2025, Bitcoin fell about 23% from its all-time high above $126,000, resulting in a paper loss, although the company did not sell any assets. Quarterly revenue reached $78 million, with a mining gross margin of about 53%.
The stock debuted near Bitcoin’s 2025 peak. Lockup expiration in late 2025 triggered single-day drops of 35–39% on high trading volume. ABTC’s beta is approximately 3.8, making it highly sensitive to Bitcoin price movements and overall crypto market sentiment.
Credit lines from Hut 8 and Two Prime supported continued accumulation. Management maintains that expanding Bitcoin reserves is the key driver of long-term value. Board members have been buying shares on dips.
Analyst consensus is roughly “Hold” with price targets around $4, although some assign a “Sell” rating due to concerns about valuation relative to projected cash flows. The stock trades more like leveraged mining equities than a direct Bitcoin proxy.
ABTC stated that its reserve “continues to grow.”
See also: "Corporate Bitcoin purchases excluding Strategy have collapsed by 99% — analysts"
