Eric Trump Announces American Bitcoin’s Rise to Top 16 BTC Treasury Firms

American Bitcoin reaches 6,899 BTC, rising to 16th as mining-driven growth steadily expands its reserves.

American Bitcoin has moved up the ranks among corporate Bitcoin holders. The mining-focused firm continues to expand its reserves at a steady pace. Recent growth reflects a strategy centered on accumulation through mining rather than direct market purchases. New data places the company among the largest public Bitcoin treasuries globally.

Eric Trump Highlights Rapid Growth as American Bitcoin Reaches 6,899 BTC

American Bitcoin said its holdings reached about 6,899 BTC on Wednesday, placing it 16th among treasury companies. Eric Trump shared the update, noting the firm had surpassed Galaxy Digital in total Bitcoin held. He added that no other company is rising through the rankings as quickly.

Two weeks earlier, the company reported around 6,500 BTC, showing a steady increase in reserves. At current prices near $71,000, its holdings are valued at roughly $492 million.

Separate data from Bitcoin Treasuries shows Trump Media & Technology Group holds about 9,500 BTC. That places it 13th among public companies, ahead of American Bitcoin in total reserves.

Mining-Led Strategy Drives Push for Larger BTC Reserves

American Bitcoin’s approach differs from firms that rely on direct purchases. Its strategy focuses on mining Bitcoin at scale and building reserves below market price. 

Image Source: TheBlock

As part of that effort, the company recently acquired 11,298 ASIC mining machines to expand output.

Launched in the first quarter of last year, American Bitcoin operates as a majority-owned subsidiary of Hut 8. The venture was formed with American Data Centers, founded by Eric Trump. He currently serves as co-founder and chief strategy officer.

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