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    Home » Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC
    Bitcoin News

    Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC

    FreshUsNewsBy FreshUsNewsJuly 7, 2026No Comments3 Mins Read
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    American Bitcoin Corp (Nasdaq: ABTC) has moved its treasury previous 8,000 bitcoin, the corporate said. The whole marks a climb from about 5,401 BTC on the finish of 2025, a achieve of near 50% throughout six months.

    The corporate, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump household, stated its bitcoin reserve and its bitcoin-per-share have grown near threefold since its Nasdaq debut. Co-founder Eric Trump has framed the expansion as disciplined and huge in scale.

    American Bitcoin builds its stack by way of two channels: mining manufacturing and treasury purchases. Within the first quarter of 2026, the agency mined 817 BTC and added 1,620 BTC to its reserve, an increase of about 30 % in three months. That tempo has carried into the summer season.

    Mining capability has grown to match the treasury ambitions. In March, the corporate deployed 11,298 ASIC miners at its website in Drumheller, Alberta, a transfer that lifted capability by about 12 % and added 3.05 EH/s. The associated fee to mine a single bitcoin fell to about $36,200 within the first quarter, a drop of 23 % from $46,900 within the prior quarter.

    The monetary image stays combined. American Bitcoin reported a web lack of $81.8 million for the primary quarter on income of $62.1 million, a end result that displays a wider crypto market decline and the heavy spending behind its growth.

    JUST IN: 🇺🇸 Eric Trump’s ‘American Bitcoin’ will increase their Bitcoin holdings by 500 BTC 👀

    They now personal over 8000 BTC! 🚀 pic.twitter.com/KEn8AlOSuq

    — Bitcoin Journal (@BitcoinMagazine) July 6, 2026