Trump-linked American Bitcoin pushes holdings to 6,500 BTC amid mining-fueled treasury expansion as stock jumps
American Bitcoin, linked to Eric Trump, expanded its treasury to 6,500 BTC, supported by mining expansion, causing its stock to rise.Summary
Trump-linked bitcoin miner American Bitcoin has increased its corporate treasury holdings to approximately 6,500 BTC (valued at $470 million), positioning it among the largest public bitcoin holders globally, according to co-founder Eric Trump. This accumulation follows the purchase of over 11,298 new ASIC mining machines, which will boost its computing capacity and support its strategy of accumulating bitcoin below spot prices through scaled mining operations. The company's stock (ABTC) jumped 11.7% on Wednesday, though it remains down year-to-date. Despite reporting a net loss for 2025 due to accounting adjustments on its holdings, American Bitcoin remains focused on self-mining and long-term accumulation, unlike some peers shifting toward AI workloads. Furthermore, two board members, Justin Mateen and Richard Busch, recently increased their stake in the company through open-market purchases.
(Source：The Block)