Donald Trump · U.S. · Bitcoin · Bitcoin Magazine
The company, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump family
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American Bitcoin builds its stack through two channels: mining production and treasury purchases.
Key facts
- In March, the company deployed 11,298 ASIC miners at its site in Drumheller, Alberta, a move that lifted capacity by about 12 percent and added 3.05 EH/s
- In the first quarter of 2026, the firm mined 817 BTC and added 1,620 BTC to its reserve, a rise of about 30 percent in three months
- A 1-for-15 reverse stock split took effect at 5:00 p.m. on July 2, with shares trading on a split-adjusted basis from July 6
- American Bitcoin (Nasdaq: ABTC) said its treasury has surpassed 8,000 BTC
Summary
American Bitcoin (Nasdaq: ABTC) said its treasury has surpassed 8,000 BTC. American Bitcoin Corp (Nasdaq: ABTC) has moved its treasury past 8,000 bitcoin, the company said. The company, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump family, said its bitcoin reserve and its bitcoin-per-share have grown close to threefold since its Nasdaq debut. Mining capacity has grown to match the treasury ambitions.