Trump-linked American Bitcoin passes Galaxy in treasury rankings, holdings climb to 6,899 BTC

American Bitcoin announced its Bitcoin holdings have increased to around 6,899 BTC, exceeding those of Galaxy Digital and positioning the company as the 16th largest public Bitcoin holder. This growth, highlighted by Eric Trump on social media, represents an increase from roughly 6,500 BTC reported two weeks prior, currently valued at nearly $492 million. The company is actively pursuing a mining strategy, recently acquiring over 11,000 ASIC mining machines to accumulate Bitcoin below spot prices. Launched in March 2025 as a subsidiary of Hut 8 and in partnership with Eric Trump’s American Data Centers, American Bitcoin focuses on large-scale Bitcoin mining and reserve development. Trump Media & Technology Group Corp., also linked to the Trump family, currently ranks 13th in Bitcoin holdings with approximately 9,500 BTC.

(Source：The Block)