American Bitcoin Corp. (Nasdaq: ABTC) revealed on March 30, 2026, that its corporate bitcoin holdings have exceeded 7,000 BTC. Based on bitcoin's price near $67,500 at the time, the stash is valued at approximately $473 million to $475 million, according to data from bitcointreasuries.net. The milestone places ABTC at No. 16 among publicly traded companies worldwide holding bitcoin, edging past Galaxy Digital (approximately 6,894 BTC).
From 5,401 to 7,000 BTC: The Accumulation Path
ABTC listed on Nasdaq in September 2025 after merging with Gryphon Digital Mining. It ended 2025 with roughly 5,401 BTC, then accelerated purchases: crossed 6,000 BTC in mid-February 2026, reached ~6,500 BTC by early March, climbed to ~6,899 BTC by mid-March, and now exceeds 7,000. The company said its satoshis-per-share metric has more than doubled since its debut.
Roughly one-third of the holdings come from self-mining operations using a fleet of about 89,000 ASIC miners delivering ~28.1 EH/s of hashrate. The remaining two-thirds were sourced via strategic open-market purchases. In early March 2026, ABTC bought 11,298 new ASICs to further boost capacity.
Ownership and Leadership
Majority-owned by Hut 8 Corp., ABTC counts Eric Trump as co-founder and Chief Strategy Officer. He has repeatedly promoted the company's strategy of holding mined and purchased bitcoin rather than selling it, calling it a cornerstone of America's bitcoin infrastructure. Donald Trump Jr. is also involved.
Stock Slump: Dilution and Accounting Losses Weigh
Despite the growing BTC treasury, ABTC shares have collapsed roughly 80% to 90% from post-listing highs near $9 to around $0.85–$0.90. The causes: massive share dilution from at-the-market equity offerings (outstanding shares now exceed 900 million); a $227 million non-cash mark-to-market loss in Q4 2025 triggered by FASB fair-value accounting rules as bitcoin fell ~23% from its all-time high above $126,000 (even though ABTC sold no coins); and poor listing timing near bitcoin's 2025 peak, with lock-up expirations causing single-day drops of 35%–39%.
Q4 2025 revenue stood at $78 million, with mining gross margins near 53%. ABTC carries a beta of approximately 3.8, making it highly sensitive to bitcoin price swings and broader crypto sentiment.
Analyst consensus sits at roughly “Hold” with price targets near $4, though some carry “Sell” ratings due to valuation concerns relative to projected cash flows; the stock is viewed more as a leveraged miner than a direct bitcoin proxy.
Credit lines from Hut 8 and Two Prime have supported ongoing accumulation. Company leadership maintains that expanding the bitcoin reserve is the core long-term value driver. Board members have bought shares during dips. ABTC said the reserve “is still climbing.”