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The company American Bitcoin, co-founded by Eric Trump, the son of the American president, has risen to 16th place among publicly traded firms in terms of accumulated bitcoins. According to BitcoinTreasuries, the miner currently holds 6,899 bitcoins.
Eric Trump announced that American Bitcoin has surpassed the financial firm Galaxy Digital, led by Mike Novogratz, which possesses 6,894 BTC. Two weeks prior, American Bitcoin reported that it had approximately 6,500 bitcoins in its holdings. This indicates that over the past two weeks, the company has added around 399 BTC to its reserves. At the current bitcoin price (approximately $70,000), these assets are valued at about $482 million.
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American Bitcoin was established in March 2025 as a subsidiary mining venture of Hut 8, which owned 80% of American Bitcoin at the time of its inception. The remaining 20% was allocated among investors, including Eric Trump and his brother Donald Trump Jr. American Bitcoin’s partner is American Data Centers, a data center operator owned by Eric Trump.
In March 2026, American Bitcoin announced an expansion of its mining operations. The company acquired 11,298 ASIC miners for its facility in Drumheller, Alberta. The newly purchased devices are expected to contribute an additional 3.05 EH/s to the company’s computing power. This figure represents approximately 0.3% of the total Bitcoin network hash rate.
Among public bitcoin holders, the leader is Strategy, led by Michael Saylor, with 761,068 BTC. In second place is the mining company MARA Holdings, formerly known as Marathon Digital, which holds 53,822 BTC. Following closely is Twenty One Capital, led by Jack Mallers, which focuses on developing bitcoin-related financial products and has accumulated 43,514 bitcoins.
Last year, Eric Trump showcased the American Bitcoin mining complex in Texas to his 6 million followers on social media, revealing long rows of liquid-cooled servers. The president’s son stated that at that time, around 35,000 mining devices were deployed at the site.
