TLDR
American Bitcoin Corp shares rose 7% after the company said its Bitcoin holdings increased by 500 BTC to 8,000 BTC, extending its treasury accumulation strategy.
The Nasdaq-listed Bitcoin mining firm, backed by Eric Trump and majority-owned by Hut 8 Corp, has grown its reserve from about 5,401 BTC at the end of 2025. The latest total marks a rise of nearly 50% in roughly six months.
American Bitcoin said its Bitcoin reserve and Bitcoin-per-share have grown close to threefold since its Nasdaq debut. The company has positioned itself as a public-market vehicle tied to Bitcoin mining output and treasury growth.
American Bitcoin Adds 500 BTC
American Bitcoin said it added 500 BTC to its treasury, lifting total holdings to 8,000 BTC. The move places the company among the larger public corporate Bitcoin holders.
The company builds its Bitcoin stack through mining production and treasury purchases. In the first quarter of 2026, it mined 817 BTC and added 1,620 BTC to its reserve.
American Bitcoin held about 5,401 BTC at the end of 2025. By mid-May, its holdings had reached 7,500 BTC, before the latest increase pushed the reserve to 8,000 BTC.
The company ranked as the 17th-largest public Bitcoin holder as of May 2026. The latest addition may move it higher among public companies that hold Bitcoin on their balance sheets.
Mining Capacity Supports Treasury Growth
American Bitcoin has expanded mining capacity while adding to its Bitcoin reserves. The company operated nearly 90,000 mining units as of May 2026.
In March, the firm deployed 11,298 ASIC miners at its Drumheller, Alberta site. That deployment increased capacity by about 12% and added 3.05 EH/s.
The company said its cost to mine one Bitcoin fell to about $36,200 in the first quarter. That was down from $46,900 in the prior quarter.
The lower production cost supports the company’s mining-led accumulation model. However, mining margins remain tied to Bitcoin price, network difficulty, power costs, and equipment spending.
Reverse Split Follows Market Pressure
American Bitcoin also completed a 1-for-15 reverse stock split. The split took effect after market close on July 2, with split-adjusted trading beginning July 6.
Shareholders approved the move at the company’s annual meeting on June 22. Every 15 shares were consolidated into one share under the new structure.
The company framed the reverse split as a step to address stock volatility and maintain Nasdaq listing standards. Reverse splits do not change the total value of a shareholder’s position by themselves, but they raise the per-share price.
The move came as the company continued to grow its Bitcoin treasury. ABTC shares rose 7% after the latest holdings update.
Eric Trump-Backed Miner Stays Focused on Bitcoin
Eric Trump serves as co-founder and chief strategy officer of American Bitcoin. The company was created in 2025 through a merger with Gryphon Digital Mining.
American Bitcoin has continued to focus on Bitcoin mining and treasury accumulation while some miners have shifted capital toward AI data centers and high-performance computing.
The company has also used financing linked to Bitmain and has pledged Bitcoin as collateral for miner purchases. That structure can support growth when Bitcoin prices rise, but it can also add pressure when prices fall.
American Bitcoin reported a first-quarter net loss of $81.8 million on revenue of $62.1 million. Its growing Bitcoin reserve remains central to its strategy, while future results will depend on Bitcoin prices, mining economics, and capital discipline.
