American Bitcoin Corp. Tops 7,000 BTC in Treasury

American Bitcoin Corp., the Nasdaq-listed bitcoin mining firm cofounded by Eric Trump and Donald Trump Jr., announced on Monday that its corporate treasury has surpassed 7,000 bitcoins, valued at approximately $471 million at current prices. The milestone reflects nearly threefold growth in holdings since the company's public debut in September 2025, when it held about 2,443 bitcoins.

The Miami-based company, a majority-owned subsidiary of Hut 8 formed through a merger with Gryphon Digital Mining, has pursued an aggressive accumulation strategy combining industrial-scale mining with open-market purchases. Roughly one-third of its bitcoin reserves stem from mining operations, while the remainder comes from acquisitions. This approach has propelled American Bitcoin to the 16th position among publicly traded companies holding bitcoin, according to data from bitcointreasuries.net, a rise of 14 spots in under seven months.

Eric Trump, the company's co-founder and chief strategy officer, highlighted the progress in a statement on X, formerly Twitter. "The accumulation machine is running at full throttle, mining at a discount plus disciplined buying," he said. "No company is climbing...