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American Bitcoin, associated with Trump, surpasses Mike Novogratz’s Galaxy Digital in BTC holdings.
American Bitcoin (ABTC) has ascended to the position of the 16th-largest holder of bitcoin, possessing 6,899 BTC, as companies vie to establish bitcoin reserves.
What to know:
- American Bitcoin, a bitcoin mining and treasury company associated with Trump, now possesses 6,899 bitcoin, ranking it as the 16th-largest public holder of the cryptocurrency.
- The firm’s growth, alongside Trump Media & Technology’s 9,542 bitcoin holdings, emphasizes the increasing influence of Trump-linked organizations among significant corporate bitcoin holders.
- Established in 2025 by Hut 8 and supported in part by Eric Trump and Donald Trump Jr., American Bitcoin is focusing on expanding its mining capacity rather than shifting towards AI infrastructure.
American Bitcoin (ABTC), a mining and treasury company connected to the Trump family, currently holds more bitcoin than Mike Novogratz’s Galaxy Digital (GLXY).
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The firm owns 6,899 BTC, valued at approximately $491 million, surpassing Galaxy’s 6,894 BTC to secure the position of the 16th largest public holder of the cryptocurrency, as per data from BitcoinTreasuries.net.
This trend illustrates how new participants are steadily ascending the ranks as companies compete to accumulate extensive bitcoin reserves. Leading the list remains Michael Saylor’s Strategy (MSTR) with 761,068 BTC, followed by Marathon Digital (MARA) and Jack Mallers’ Twenty One Capital. Other prominent holders include Bullish (BLSH), CoinDesk’s parent company, Coinbase (COIN), and Tesla (TSLA).
American Bitcoin’s emergence also highlights the expanding role of Trump-affiliated entities in the market. Trump Media & Technology (DJT), the organization associated with U.S. President Donald Trump, holds 9,542 BTC.
American Bitcoin was established in March 2025 when Hut 8 (HUT) launched it as a majority-owned subsidiary focused on large-scale mining and retaining bitcoin on its balance sheet. Hut 8 held an 80% ownership at inception, with the remaining 20% belonging to investors, including Eric Trump and Donald Trump Jr.
In contrast to some mining companies that have begun reallocating resources toward artificial intelligence infrastructure, American Bitcoin has reinforced its commitment to mining. In March 2026, it acquired 11,298 ASIC miners for its Drumheller, Alberta facility. These machines are projected to enhance its capacity by around 12% and contribute 3.05 exahashes per second, roughly 0.3% of the global network’s processing power.
Bitcoin recently traded at $71,092, reflecting a 4% decline over the last day.
