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American Bitcoin Surpasses Galaxy Digital With 6,899 BTC in Corporate Holdings

American Bitcoin (ABTC), a mining and treasury company backed by members of the Trump family, accumulated 6,899 BTC worth about $491 million, surpassing Mike Novogratz's Galaxy Digital, which holds 6,894 BTC, in the ranking of major public corporate Bitcoin holders. ABTC was created in March 2025 as a majority-controlled subsidiary of Hut 8 (HUT), with Hut 8 initially retaining 80% ownership and investors including Eric Trump and Donald Trump Jr. holding the remaining 20%, while Trump Media & Technology (DJT), linked to President Donald Trump, separately holds 9,542 BTC. In March 2026, ABTC purchased 11,298 ASIC miners for its Drumheller, Alberta facility, a move expected to lift its mining capacity by about 12% and add 3.05 exahashes per second, equal to roughly 0.3% of global Bitcoin network computing power. The company's accumulation of 6,899 BTC within roughly one year of its formation reflects an aggressive acquisition pace amid broader corporate competition to build sizable Bitcoin treasuries.
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BTC-4.27%
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