Eric Trump’s Bitcoin miner holds over 7,300 BTC after record quarterly production
American Bitcoin Corp., co-founded by Eric Trump, now holds over 7,300 BTC after record Q1 production and strategic purchases.Summary
Nasdaq-listed Bitcoin miner American Bitcoin Corp. (ABTC), co-founded by Eric Trump, has expanded its Bitcoin holdings to over 7,300 BTC, valued at approximately $592 million. The company, which began accumulating Bitcoin in mid-2025, has become the 16th largest corporate Bitcoin holder. In the first quarter of 2026, ABTC achieved record production, mining approximately 817 Bitcoin and acquiring an additional 803 Bitcoin through purchases, resulting in a total reserve growth of about 1,600 Bitcoin for the quarter. Despite a challenging market with declining Bitcoin prices, the company maintained strong gross margins of around 52% due to improved operational efficiency, with the cost to mine each Bitcoin falling to approximately $36,000. ABTC also expanded its mining fleet to nearly 90,000 machines, reaching 28.1 EH/s of capacity, and energized new capacity at its Drumheller site.
(Source：Crypto Briefing)