TL;DR:
- American Bitcoin reached 7,000 BTC in its treasury, valued at approximately $474 million, recording 35% growth since January 2026.
- Its shares fell below $1 last week and are trading at $0.84, accumulating a loss of over 50% year-to-date.
- The “Satoshis per share” metric has doubled since its Nasdaq debut in September 2025, reaching 660 satoshis.
American Bitcoin reached a new treasury record, hitting 7,000 BTC, equivalent to approximately $474 million at the current price. These figures represent an increase of over 35% since the beginning of 2026 and place the company among the leading corporate Bitcoin holders worldwide, having recently displaced Galaxy Digital from the number 16 spot in the ranking.
Unlike companies such as Strategy or Metaplanet, which build their reserves primarily through open-market purchases, American Bitcoin adopted a self-mining strategy to accumulate bitcoin below the spot price. In recent months, the firm expanded its fleet of ASIC machines, betting on accumulation at scale and at a lower structural cost.
American Bitcoin Fails to Reverse Its Share Price Decline
Nevertheless, the treasury’s growth did not translate into support for the share price. The stock is trading at around $0.84, below the $1 threshold it breached last week, which technically places it in penny stock territory. The year-to-date loss exceeds 50%. In contrast, the internal metric known as “Satoshis per share” climbed to 660, more than double the value recorded when the company made its Nasdaq debut in September 2025.
American Bitcoin is a subsidiary with a majority stake held by Hut 8, created in partnership with American Data Centers, the venture of Eric Trump, who serves as co-founder and chief strategy officer. Donald Trump Jr. is listed as a shareholder. The company was launched in the second half of 2025 and operates under the ticker ABTC.
Despite the acceleration in the accumulation process, the gap with the sector leader is vast: Strategy holds around 762,099 BTC valued at over $51 billion, a figure that exceeds American Bitcoin’s current reserves by more than tenfold.
