Trump-Backed American Bitcoin Adds 2,600 BTC in Q1 2026, Hits 8K-Strong Treasury
American Bitcoin, a mining company partially owned by Eric Trump and Donald Trump Jr., is aggressively accumulating Bitcoin through both mining operations and direct market purchases.
The firm's corporate treasury now holds over 8,000 BTC, positioning it as one of the largest in the industry.
This accumulation strategy mirrors that of MicroStrategy, with American Bitcoin buying more Bitcoin on the open market when excess capital is available.
To fund its expansion, American Bitcoin raised $220 million in a funding round last June, which was largely used to buy more Bitcoin and upgrade mining equipment.