American Bitcoin Corp (Nasdaq: ABTC) has moved its corporate bitcoin treasury past 8,000 BTC, marking a 50% gain across six months from the 5,401 BTC held at the end of 2025.
The Nasdaq-listed company, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump family, built the stack through a combination of mining production and treasury purchases. In the first quarter of 2026 alone, American Bitcoin mined 817 BTC and added 1,620 BTC to its reserve, representing a 30% quarterly increase.
The accumulation accelerated after the company deployed 11,298 ASIC miners at its Drumheller, Alberta facility in March 2026. The deployment increased mining capacity by 12% and added 3.05 EH/s of hashrate. Mining costs dropped 23% in the quarter to $36,200 per bitcoin, down from $46,900 in the prior period.
Despite operational growth, American Bitcoin reported a net loss of $81.8 million for Q1 2026 on revenue of $62.1 million, attributed to wider crypto market decline and expansion spending. The company positions itself as a pure-play bitcoin accumulation platform competing with other corporate holders including Galaxy Digital.
Stock Split Takes Effect
On July 2, a 1-for-15 reverse stock split took effect at 5:00 p.m. after shareholders approved the measure at their annual meeting on June 22. Shares began trading on a split-adjusted basis following the restructuring. At the time of writing, ABTC shares were up 7%.
Co-founder Eric Trump has framed the treasury growth as disciplined and large in scale. At over 8,000 BTC, American Bitcoin ranks among the larger corporate bitcoin holders globally.
