TL;DR
- American Bitcoin accumulates 6,899 BTC, surpassing Galaxy Digital in corporate holdings ranking.
- Trump family-backed mining firm created by Hut 8 in March 2025.
- ABTC doubles mining capacity while rejecting pivot toward artificial intelligence.
American Bitcoin (ABTC), a mining and treasury firm backed by the Trump family, accumulates 6,899 BTC, surpassing Mike Novogratz’s Galaxy Digital in the ranking of major corporate Bitcoin holders. The 6,899 bitcoins ABTC controls are worth approximately $491 million, placing the firm in the sixteenth position among largest public accumulators. Galaxy Digital, founded by executive Mike Novogratz, maintains 6,894 BTC, landing immediately behind.
ABTC’s rise reflects intensifying competition among corporate firms to build massive Bitcoin treasuries. Strategy (MSTR) of Michael Saylor remains at the peak, controlling 761,068 BTC, followed by Marathon Digital (MARA) and Twenty One Capital of Jack Mallers. Other major holders include Bullish (BLSH), CoinDesk’s parent company, Coinbase (COIN), and Tesla (TSLA). The emergence of Trump-linked entities adds political dimension to a crypto treasury market traditionally focused on technology and financial companies.
ABTC was created in March 2025 when Hut 8 (HUT) launched it as a majority-controlled subsidiary dedicated to large-scale mining and Bitcoin holdings on its balance sheet. Hut 8 retained 80% ownership at launch, while investors including Eric Trump and Donald Trump Jr. owned the remaining 20%.
Trump Media & Technology (DJT), the company linked to President Donald Trump, maintains a separate Bitcoin portfolio of 9,542 BTC, approximately 2,643 BTC more than ABTC. Combined, Trump-affiliated entities control roughly 16,441 BTC, a stockpile demonstrating sustained commitment to Bitcoin as corporate value storage.
ABTC Doubles Mining Capacity While Rejecting Pivot Toward Artificial Intelligence
Unlike other mining operators that reallocated resources toward artificial intelligence infrastructure, ABTC intensified focus on direct Bitcoin acquisition. In March 2026, the firm purchased 11,298 ASIC miners for its Drumheller, Alberta site. Equipment will increase capacity approximately 12% and add 3.05 exahashes per second, equivalent to roughly 0.3% of global Bitcoin network computing power.
While firms like Core Scientific explored pivots toward AI seeking superior margins, ABTC doubled down on pure Bitcoin mining. Decision positions ABTC as pure participant in obtaining newly minted bitcoins and treasury accumulation. As more corporations build Bitcoin reserves, competition for hashrate and mining capacity intensifies.
ABTC operates within context where Bitcoin gained recognition among U.S. corporate actors as genuine value storage. The 6,899 BTC accumulation from formation merely one year ago demonstrates aggressive acquisition velocity. Should ABTC sustain equipment purchasing pace and Bitcoin accumulation, the firm could scale considerably in ranking of largest public holders over next twelve months. Corporate Bitcoin hoarding accelerates, reshaping how major institutions manage long-term value preservation and balance sheet strength.
