Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory
- American Bitcoin Corp holds 7,000 BTC valued at approximately US$474 million, ranking it 16th among publicly traded companies globally by Bitcoin treasury size.
- The company’s stock trades around US$0.84, down roughly 88% from its post-listing peak of approximately US$9.
- About one-third of the 7,000 BTC was sourced from self-mining operations running roughly 89,000 ASICs at 28.1 EH/s; the remainder came through open-market purchases, with the company adding 11,298 new ASICs in early March 2026 alone.
American Bitcoin increased its treasury to 7,000 BTC, up from 5,401 BTC at the end of 2025 and roughly tripled since its Nasdaq listing in September 2025.
The company was formed through a merger between Hut 8 Corp.’s mining subsidiary and Gryphon Digital Mining, with Hut 8 retaining majority ownership. Eric Trump serves as Chief Strategy Officer.
At a Bitcoin (BTC) price of about US$67,500 (AU$97,875), the holdings are valued near US$474 million (AU$687.3 million).
The reserve grew steadily through early 2026, reaching 6,000 BTC by mid-February, 6,500 BTC by early March, 6,899 BTC by mid-March, and 7,000 BTC by the end of the month.
Related: Bitcoin Steady After Trump Extends Iran Strike Pause as Markets Stabilise
BTC Goes Up, Stock Goes Down
About one-third of the holdings come from self-mining. The company operates approximately 89,000 ASIC machines with a combined hash rate of 28.1 EH/s and retains all mined Bitcoin.
The remaining two-thirds were acquired through market purchases, partly funded by a US$150.5 million (AU$218.2 million) equity raise completed in Q4 2025.
Important to note that mining gross margins were 53% in Q4 2025, and the company reported a net loss of US$59 million (AU$85.6 million) for the quarter, largely due to a US$227 million (AU$329.2 million) non-cash mark-to-market loss as Bitcoin prices declined.
Full-year 2025 revenue was about US$185 million (AU$268.3 million). In March 2026, the company added 11,298 ASIC machines to expand capacity.
Satoshis per share increased to 660, equivalent to about US$0.45 (AU$0.65) at current prices. American Bitcoin ranks 16th among public companies holding BTC, ahead of Galaxy Digital with about 6,894 BTC.
The stock trades near US$0.84 (AU$1.22), giving a market capitalisation of about US$884 million (AU$1.28 billion), according to Google Finance data.
The company has more than 900 million shares outstanding and continues to report operating losses. Its balance sheet remains closely tied to BTC price movements.
Read more: Bipartisan Bill Targets Political Betting by Federal Officials
The post Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory appeared first on Crypto News Australia.
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