Trump-Backed American Bitcoin Amasses Over 8,000 BTC Amid Aggressive Accumulation Strategy
American Bitcoin, which has Trump family members among its owners, is aggressively building up its Bitcoin treasury.
The company, listed on NASDAQ under ABTC, mined around 817 BTC and purchased an additional 803 BTC in Q1 2026 at an average price of approximately $76,000 per coin. This brought their total holdings to about 7,021 BTC by the end of the quarter.
American Bitcoin raised $220 million in a funding round back in June 2025, with the majority going towards buying more Bitcoin and upgrading mining equipment. By mid-2026, the company's holdings exceeded 8,000 BTC, positioning it alongside other corporate treasury heavyweights that have made Bitcoin accumulation a core business strategy.
The firm is essentially running the MicroStrategy playbook, but with the added twist of also producing Bitcoin through mining operations. Mining generates Bitcoin at a cost basis typically below market price, creating a natural margin for the company.