American Bitcoin Ties Nearly 40% of BTC Reserve to Bitmain Mining Equipment Deals
American Bitcoin, backed by Eric Trump and Donald Trump Jr., has pledged nearly 40% of its 8,002 BTC reserve to buy mining equipment from Bitmain.
The company, formed in 2025 by Hut 8 and American Data Centers, retains redemption rights and economic exposure on the pledged coins. This means that if Bitcoin's price falls below a certain threshold, American Bitcoin can choose to pay cash before each redemption window closes to keep the coins on its balance sheet.
The majority of the pledged balance comes from several 2025 tranches totaling 2,776 BTC, with each having a redemption window of about 24 months. In February 2026, American Bitcoin entered an agreement with Bitmain covering 11,298 miners priced at approximately $49.4 million.
The company can redeem the pledged coins by paying cash or letting them settle the miner purchases. The timing and economics of these deals are determined by the redemption windows rather than Bitcoin's price.