{"id":7800,"date":"2026-07-06T19:17:05","date_gmt":"2026-07-06T19:17:05","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/07\/06\/trump-backed-american-bitcoin-abtc-pushes-treasury-past-8000-btc\/"},"modified":"2026-07-06T19:17:05","modified_gmt":"2026-07-06T19:17:05","slug":"trump-backed-american-bitcoin-abtc-pushes-treasury-past-8000-btc","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/07\/06\/trump-backed-american-bitcoin-abtc-pushes-treasury-past-8000-btc\/","title":{"rendered":"Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC<\/a><\/p>\n

<\/div>\n

American Bitcoin Corp (Nasdaq: ABTC) has moved its treasury past 8,000 bitcoin, the company said<\/a>. The total marks a climb from about 5,401 BTC at the end of 2025, a gain of close to 50% across six months.<\/p>\n

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.<\/p>\n

American Bitcoin<\/a> 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.<\/p>\n

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.<\/p>\n

The financial picture remains mixed. American Bitcoin reported<\/a> 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.<\/p>\n

\n

JUST IN: Eric Trump\u2019s \u2018American Bitcoin\u2019 increases their Bitcoin holdings by 500 BTC <\/p>\n

They now own over 8000 BTC! pic.twitter.com\/KEn8AlOSuq<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) July 6, 2026<\/a>\n<\/p><\/div>\n

American Bitcoin\u2019s reverse stock split<\/h2>\n

The company also reshaped its share structure. A 1-for-15 reverse stock split took effect<\/a> 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.<\/p>\n

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.<\/p>\n

At more than 8,000 BTC, American Bitcoin ranks<\/a> among the larger corporate holders of the asset, and its stack has, at points, surpassed that of Galaxy Digital.\u00a0<\/p>\n

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.<\/p>\n

Whether the model rewards shareholders depends on the path of bitcoin and the discipline of the company\u2019s spending. For the moment, the treasury keeps its climb.<\/p>\n

Shares of ABTC were up 7% at time of writing.\u00a0<\/p>\n

\n<\/p>

This post Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC 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 […]<\/p>\n","protected":false},"author":0,"featured_media":7801,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7800","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7800"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7801"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}