Trump-Backed American Bitcoin Holds Over 6,000 BTC, Shares Down 45% but Accumulation Continues

Trump-Backed American Bitcoin Holds Over 6,000 BTC, Shares Down 45% but Accumulation Continues

N
News Editor 01
2026-07-02 11:45:15
American Bitcoin Corp. (ABTC), backed by the Trump family, has surpassed 6,000 BTC in holdings, now at 6,060 BTC valued at ~$413 million, making it one of the top 20 public companies by Bitcoin treasury. The company added roughly 217 BTC over the past month through a mix of mining and market purchases. Despite its growing stash, ABTC shares have dropped ~45% year-to-date to $1.14. The firm uses a 'mine-to-treasury' strategy rather than selling production, reporting a Bitcoin yield of ~116% since its Nasdaq debut in September 2025. Bitcoin recently rebounded above $70,000 on softer US inflation data, boosting the crypto market. The article details holdings, stock performance, strategy, and market context.
American BitcoinABTCBitcoin HoldingsTrump FamilyMine-to-TreasuryPublic Company BitcoinBitcoin YieldMarket Analysis

Bitcoin Holdings Break 6,000, Rank Among Top Public Companies

American Bitcoin Corp. (ABTC), backed by the Trump family, has pushed its Bitcoin reserves past the 6,000 mark, now holding 6,060 BTC worth approximately $413 million. This positions the firm among the top 20 publicly listed Bitcoin holders globally. Blockchain data from Arkham Intelligence shows the company added roughly 217 BTC over the past month, combining mining output with direct market purchases during a period when Bitcoin attempts to reclaim levels above $70,000.

According to BitcoinTreasuries.net, ABTC's stash is closing in on Galaxy Digital's 6,894 BTC. The accumulation reflects a strategy blending mining output and market buys, a model gaining traction among firms seeking long-term Bitcoin exposure as a treasury asset.

Stock Under Pressure but Strategy Unchanged: Mine-to-Treasury Model

Despite the growing Bitcoin treasury, ABTC shares have struggled. The stock closed at about $1.14 on Friday, up 1.75% for the day, but has declined roughly 45% year-to-date. In early January, shares were above $2, but they weakened as Bitcoin's price softened into the new year. The firm frames its approach as a 'mine-to-treasury' pipeline, retaining Bitcoin rather than selling production to outperform traditional miners.

Executives believe this model maximizes long-term Bitcoin appreciation and avoids forced selling during price dips. With reserves now above 6,000 BTC, ABTC joins a growing cohort of public companies treating Bitcoin as a core treasury asset.

Bitcoin Yield of 116% and Market Recovery

Earlier this year, ABTC reported reserves near 5,843 BTC and a Bitcoin yield of roughly 116% since its Nasdaq debut in September 2025 through late January 2026. The yield tracks growth in holdings from mined or purchased coins, separate from capital raising. This indicates strong operational accretion.

Last Saturday, Bitcoin rebounded above $70,000 following a sharp February decline, aided by cooler-than-expected US inflation data that boosted risk appetite. Softer inflation strengthened expectations of earlier Federal Reserve rate cuts, lifting crypto markets and pushing Bitcoin's market cap back above $1.4 trillion.

On the corporate side, ABTC debuted on Nasdaq in September 2025 following a spin-off from Hut 8 Corp. Eric Trump serves as co-founder and chief strategy officer, with Donald Trump Jr. as an investor. The Trump family backing has drawn attention, but the stock's performance remains subject to market forces.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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