American Bitcoin Corp now holds about 6,060 BTC, valued at roughly $413 million based on the figures cited in the report. Data from blockchain analytics firm Arkham Intelligence shows the company added 217 BTC over the past month alone, pushing its treasury close to Galaxy Digital’s reported 6,894 BTC.
The buildup is not coming from mining alone. The company is expanding its reserves through a hybrid model that combines ongoing mining operations with direct purchases in the open market. In the report’s framing, American Bitcoin Corp treats bitcoin as a long-term treasury asset, not just inventory produced by its mining business, setting it apart from miners that typically sell production to meet short-term liquidity needs.
Rising bitcoin reserves have not stopped stock volatility
Its growing BTC holdings have not translated into stable share performance. After moving above $2 in January, the stock fell to $1.14, with the report linking the decline to weaker bitcoin prices and broader market turbulence.
On a year-to-date basis, the shares are down nearly 45%. That gap between treasury growth and stock performance shows how public crypto firms can still face sharp valuation pressure even while increasing on-chain reserves.
The company is pushing a mining-to-treasury model
The report says American Bitcoin Corp has moved beyond the identity of a conventional miner. Instead of selling mined bitcoin right away, it describes itself as a “mining-to-treasury” business, keeping BTC on its balance sheet as a long-duration financial asset. Management has stated that holding bitcoin directly in reserves is a core policy.
At the beginning of the year, the company held 5,843 BTC. Since its Nasdaq debut, its accumulated bitcoin gains are reported at 116%, driven by mining output and market purchases rather than capital injections. The article presents that figure as evidence that the hybrid strategy has materially increased the company’s holdings.
Nasdaq debut followed a split from Hut 8
American Bitcoin Corp debuted on Nasdaq in September 2025 after a strategic split from Hut 8 Corp. The founding team includes members of the Trump family: Eric Trump is listed as co-founder and Chief Strategy Officer, while Donald Trump Jr. appears among the key investors. The report says both have been active in shaping the company’s direction since launch.
Macro conditions also fed into the backdrop described in the piece. Last month, stronger-than-expected U.S. inflation data increased expectations for Federal Reserve rate cuts and helped lift bitcoin above $70,000. According to the article, that shift improved risk appetite across digital assets and created a better trading setting for listed companies built around bitcoin treasury accumulation.