Hut 8-Backed Miner American Bitcoin Corp. Now Holds Over 7,000
The company (Nasdaq: ABTC) disclosed the milestone via its official X account on Monday, noting it had nearly tripled its reserves since listing on Nasdaq in September 2025. At bitcoin’s current price near $67,500, the holdings are valued at approximately $473 million to $475 million, according to data from bitcointreasuries.net.
ABTC ended 2025 with roughly 5,401 BTC. It crossed 6,000 BTC in mid-February 2026, reached approximately 6,500 BTC by early March, climbed to around 6,899 BTC by mid-March, and now exceeds 7,000 BTC. The company said its satoshis-per-share metric has more than doubled since its Nasdaq debut.
About one-third of the holdings come from self-mining operations. The remaining two-thirds reflect strategic open-market purchases. The company runs roughly 89,000 miners across a fleet delivering approximately 28.1 EH/s of hashrate after purchasing 11,298 new ASICs in early March 2026.
Majority-owned by Hut 8 Corp., ABTC went public through a merger with Gryphon Digital Mining. Co-founder and Chief Strategy Officer Eric Trump has promoted the firm’s approach of holding mined and purchased bitcoin rather than selling it, describing the company as building America’s bitcoin infrastructure backbone.
ABTC now ranks just ahead of Galaxy Digital, which holds approximately 6,894 BTC, on the BitcoinTreasuries.net leaderboard. The company has added to its reserve at a faster rate than several larger holders, despite operating as a relatively new public entity.
ABTC shares rose modestly ahead of Monday’s open on the news. The stock has otherwise lost approximately 80 to 90 percent of its value from post-listing highs near $9, trading around $0.85 to $0.90 as of late March 2026.
Several factors explain the decline. The company has raised capital through at-the-market equity offerings, pushing shares outstanding above 900 million. Critics have pointed to that dilution as eroding per-share value even as the BTC reserve climbs.
ABTC also reported a $59 million net loss in Q4 2025, driven by a $227 million non-cash mark-to-market charge on its bitcoin holdings under new FASB fair-value accounting rules. Bitcoin fell roughly 23 percent in Q4 2025 from its all-time high above $126,000, forcing the paper loss even though ABTC did not sell any holdings. Q4 revenue reached $78 million, with mining gross margins near 53 percent.
The stock debuted close to the peak of bitcoin’s 2025 run. Lock-up expirations in late 2025 triggered single-day drops of 35 to 39 percent on heavy volume. ABTC carries a beta of approximately 3.8, making it highly sensitive to bitcoin price moves and broader crypto sentiment.
Credit lines from Hut 8 and Two Prime have supported ongoing accumulation. Company leadership has maintained that expanding the bitcoin reserve is the core long-term value driver. Board members have purchased shares on dips.
Analyst consensus sits at roughly “Hold” with price targets near $4, though some carry “Sell” ratings tied to valuation concerns relative to projected cash flows. The stock trades closer to a leveraged miner than a direct bitcoin proxy.
ABTC said the reserve is “still climbing.”
FAQ 🔎
- What is American Bitcoin Corp.’s current bitcoin treasury? American Bitcoin Corp. holds more than 7,000 BTC, valued at approximately $473 million to $475 million based on prices near $67,500 as of March 30, 2026.
- Why is ABTC stock down despite growing its bitcoin holdings? ABTC shares have fallen roughly 80 to 90 percent from post-listing highs due to share dilution from equity offerings, a $227 million non-cash accounting loss in Q4 2025, and poor debut timing near bitcoin’s peak.
- Who owns American Bitcoin Corp.? Hut 8 Corp. holds a majority stake in ABTC, and Eric Trump serves as co-founder and Chief Strategy Officer, with Donald Trump Jr. also involved in the company.
- How does ABTC accumulate bitcoin? About one-third of holdings come from self-mining operations running roughly 89,000 ASICs at 28.1 EH/s, with the remainder sourced from open-market bitcoin purchases.
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