American Bitcoin Corp., supported by Hut 8, now holds over 7,000 BTC
The company (Nasdaq: ABTC) announced this significant milestone via its official X account on Monday, noting that it had nearly tripled its reserves since its Nasdaq debut in September 2025. At the current bitcoin price, close to $67,500, these assets are valued at approximately between $473 and $475 million, according to data from bitcointreasuries.net.
ABTC ended 2025 with around 5,401 BTC. It crossed the 6,000 BTC mark in mid-February 2026, reached about 6,500 BTC in early March, rose to around 6,899 BTC in mid-March, and now surpasses 7,000 BTC. The company stated that its “satoshis per share” metric had more than doubled since its Nasdaq debut.
Roughly one-third of the assets come from self-mining operations. The remaining two-thirds represent strategic purchases on the open market. The company operates approximately 89,000 miners spread across a facility providing a hash rate of around 28.1 EH/s after purchasing 11,298 new ASICs in early March 2026.
Primarily owned by Hut 8 Corp., ABTC went public through a merger with Gryphon Digital Mining. Co-founder and Chief Strategy Officer Eric Trump highlighted the company’s approach of holding and buying bitcoins rather than selling them, describing the company as a pillar of the American bitcoin infrastructure.
ABTC now ranks just ahead of Galaxy Digital, which holds about 6,894 BTC, in BitcoinTreasuries.net’s rankings. The company has increased its reserves at a faster pace than several larger holders, even though it operates as a relatively new public entity.
ABTC’s stock slightly rose before Monday’s announcement of this news. Otherwise, the stock lost about 80-90% of its value from its post-IPO highs near $9, trading between $0.85 and $0.90 at the end of March 2026.
Several factors explain this decline. The company raised capital through market-priced stock issuances, increasing the number of shares outstanding to over 900 million. Critics pointed out that this dilution eroded the per-share value, even as the BTC reserve grew.
ABTC also reported a net loss of $59 million in the fourth quarter of 2025, due to a non-cash charge of $227 million related to the fair value accounting for its bitcoin holdings, under the new FASB accounting rules. Bitcoin fell about 23% in the fourth quarter of 2025 from its previous high above $126,000, resulting in a paper loss even though ABTC did not sell any assets. Fourth-quarter revenue reached $78 million, with mining gross margins close to 53%.
The stock debuted near the peak reached by bitcoin in 2025. Blockage period expirations in late 2025 triggered daily drops of 35-39% on high volumes. ABTC has a beta of about 3.8, making it very sensitive to bitcoin price fluctuations and overall cryptocurrency sentiment.
Credit lines from Hut 8 and Two Prime supported ongoing accumulation. Management stated that increasing the bitcoin reserve was the primary long-term value driver. Board members bought shares during declines.
Analysts’ consensus generally rates it as “Hold,” with price targets around $4, although some give a “Sell” rating due to concerns about valuation relative to expected cash flows. The stock trades more like a leveraged mining company rather than a direct bitcoin proxy. ABTC stated that the reserve “continued to climb.”
FAQ 🧢
- What is the current amount of bitcoin reserves held by American Bitcoin Corp.?
American Bitcoin Corp. holds over 7,000 BTC, valued at approximately $473 to $475 million based on a price near $67,500 as of March 30, 2026. - Why is ABTC’s stock down despite increasing bitcoin holdings?
ABTC’s stock dropped about 80-90% from its post-IPO highs due to capital dilution from stock issuances, a non-cash charge of $227 million in the fourth quarter of 2025, and a poor timing of launch close to the bitcoin peak. - Who owns American Bitcoin Corp.?
Hut 8 Corp. owns a majority stake in ABTC, with Eric Trump serving as co-founder and Chief Strategy Officer, and Donald Trump Jr. also involved in the company. - How does ABTC accumulate bitcoins?
About one-third of the holdings come from self-mining activities operating around 89,000 ASICs at 28.1 EH/s, with the rest from purchases of bitcoins on the open market.
