American Bitcoin's BTC holdings overtake Mike Novogratz’s Galaxy Digital
CoinDesk
Trump-linked American Bitcoin now holds 6,899 BTC, surpassing Galaxy Digital to become the 16th-largest public holder.Summary
American Bitcoin (ABTC), a mining and treasury firm linked to the Trump family and formed by Hut 8 in 2025, has increased its Bitcoin holdings to 6,899 BTC, valued at approximately $491 million. This amount edges past Mike Novogratz’s Galaxy Digital (6,894 BTC), positioning ABTC as the 16th-largest public holder of the asset. This rise, alongside Trump Media & Technology's 9,542 BTC stash, reflects the growing presence of Trump-affiliated entities among major corporate Bitcoin holders. Unlike some peers pivoting to AI, American Bitcoin is focusing on expanding its mining capacity, recently purchasing 11,298 ASIC miners for its Alberta site to boost capacity by about 12%.
(Source：CoinDesk)