Trump Family-Backed American Bitcoin Keeps Stacking Bitcoin, Holdings Pass 6,000 BTC
Summary
American Bitcoin Corp. (ABTC), backed by the Trump family, has surpassed 6,000 BTC in its reserves, now holding 6,060 BTC valued near $413 million, according to Arkham Intelligence. This accumulation, achieved through mining output and direct purchases, positions ABTC among the top 20 listed Bitcoin holders globally, nearing Galaxy Digital's holdings. Despite this success in building its treasury asset base, the company's shares have experienced a significant decline, trading around $1.14 after a roughly 45% year-to-date drop. ABTC frames its strategy as a "mining to treasury" pipeline, aiming to retain mined Bitcoin rather than selling it. The company, co-founded by Eric Trump (CSO) with Donald Trump Jr. as an investor, debuted on Nasdaq in September 2025 following a spin-off from Hut 8 Corp.
(Source:Bitcoin Magazine)