American Bitcoin Triples Treasury to 7,000 BTC, Becomes 16th Largest Holder

American Bitcoin announced its Bitcoin reserve has reached 7,000 BTC, roughly tripling since its Nasdaq debut.

“Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly Satoshis per share climbs past 660, reinforcing rapid treasury expansion since Nasdaq debut”

@coindesk

The milestone places ABTC as the 16th-largest publicly traded Bitcoin treasury globally.

@coindesk

Eric Trump said the accumulation machine is running at full throttle.

ABTC reported a more than doubling of its satoshis per share metric, now over 660.

This reflects the amount of bitcoin attributable to each outstanding share.

CoinDesk

Shares have struggled, down roughly 88% over the past six months.

American Bitcoin runs two revenue lines: mining and corporate treasury strategy.

“American Bitcoin (ABTC), the publicly traded Bitcoin treasury-and-mining company backed by Eric Trump and Donald Trump Jr”

CoinJournal

The company operates mining facilities in North America, including Vega, Texas.

This approach enables steady growth of reserves while continuing mining operations.

American Bitcoin is part of a broader Trump family push into crypto.

Reports indicate the Trump family’s crypto companies have generated more than $1 billion in pretax profits.

Cryptonews.net

This funds the Trump 2028 presidential campaign and other political uses.