Trump-Linked American Bitcoin (ABTC) Surpasses 7,000 BTC as Treasury Growth Accelerates; Mining Peer Slides

American Bitcoin (ABTC), which is linked to Trump, has surpassed 7,000 BTC in its corporate treasury following its Nasdaq listing, nearly tripling its holdings since launch, with 'satoshis per share' more than doubling. The company ranks 16th globally among publicly traded Bitcoin-holding firms. ABTC is aggressively scaling its mining operations, purchasing over 11,000 ASIC machines this month to boost hashrate capacity toward a goal of ~28 EH/s, prioritizing self-mining for efficient BTC accumulation over market purchases. Despite this growth, the stock has performed poorly since its September 2025 debut, falling over 90% to around $0.90 per share, following a challenging fourth quarter that included a $227 million non-cash loss. Co-founder Eric Trump also noted that major U.S. banks are lobbying to restrict high-yield crypto products. While peers like MARA and Riot are diversifying into AI, Hut 8 has expanded credit facilities to support ABTC.

(Source：Bitcoin Magazine)