American Bitcoin Corp (Nasdaq: ABTC) has moved its treasury past 8,000 bitcoin, the company said. The total marks a climb from about 5,401 BTC at the end of 2025, a gain of close to 50% across six months.
The company, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump family, said its bitcoin reserve and its bitcoin-per-share have grown close to threefold since its Nasdaq debut. Co-founder Eric Trump has framed the growth as disciplined and large in scale.
American Bitcoin builds its stack through two channels: mining production and treasury purchases. In the first quarter of 2026, the firm mined 817 BTC and added 1,620 BTC to its reserve, a rise of about 30 percent in three months. That pace has carried into the summer.
Mining capacity has grown to match the treasury ambitions. In March, the company deployed 11,298 ASIC miners at its site in Drumheller, Alberta, a move that lifted capacity by about 12 percent and added 3.05 EH/s. The cost to mine a single bitcoin fell to about $36,200 in the first quarter, a drop of 23 percent from $46,900 in the prior quarter.
The financial picture remains mixed. American Bitcoin reported a net loss of $81.8 million for the first quarter on revenue of $62.1 million, a result that reflects a wider crypto market decline and the heavy spending behind its expansion.
American Bitcoin’s reverse stock split
The company also reshaped its share structure. A 1-for-15 reverse stock split took effect at 5:00 p.m. on July 2, with shares trading on a split-adjusted basis from July 6. Shareholders approved the measure at the annual meeting on June 22.
The strategy sets American Bitcoin apart from a segment of the mining industry that has shifted resources toward artificial-intelligence data centers. Rather than pivot, the firm has doubled down on bitcoin mining and treasury accumulation, a bet that ties its fortunes to the price of the asset it collects.
At more than 8,000 BTC, American Bitcoin ranks among the larger corporate holders of the asset, and its stack has, at points, surpassed that of Galaxy Digital.
The company positions itself as a pure-play bitcoin accumulation platform, a structure that gives public investors exposure to both mining output and a growing reserve.
Whether the model rewards shareholders depends on the path of bitcoin and the discipline of the company’s spending. For the moment, the treasury keeps its climb.
Shares of ABTC were up 7% at time of writing.