Trump-Backed Bitcoin Whale Amasses Over 6,000 BTC as American Bitcoin Continues Massive Accumulation

Published 4 days ago2 minute read
David Isong
David Isong
Trump-Backed Bitcoin Whale Amasses Over 6,000 BTC as American Bitcoin Continues Massive Accumulation

American Bitcoin Corp. (ABTC), a Nasdaq-listed firm backed by the Trump family, has significantly expanded its Bitcoin holdings, pushing its reserves above the 6,000 BTC threshold.

According to blockchain data tracked by Arkham Intelligence, ABTC now holds 6,060 BTC, valued at roughly $413 million, making it one of the top 20 publicly listed corporate Bitcoin treasuries worldwide.

This strategic accumulation establishes ABTC as a major player in the growing trend of companies holding cryptocurrency as part of their corporate assets.

Over the past month, the company has added or mined approximately 217 BTC, a period that coincided with Bitcoin’s rebound above $70,000.

The rally was supported by cooler-than-expected U.S. inflation data, which boosted market risk appetite and reinforced expectations of earlier Federal Reserve rate cuts.

Bitcoin’s market capitalization rose back above $1.4 trillion, reflecting renewed investor confidence and a favorable macroeconomic backdrop for cryptocurrency exposure.

ABTC employs a “mining to treasury” strategy, integrating its mining output with direct market purchases to maximize long-term holdings.

This approach aims to retain Bitcoin rather than sell mined coins immediately, a method increasingly adopted by firms seeking durable treasury exposure.

Earlier this year, ABTC reported reserves of roughly 5,843 BTC, citing a 116% yield on its holdings since its September 2025 Nasdaq debut following a spin-off from Hut 8 Corp.

Corporate Strategy and Market Context

Source: Google

American Bitcoin’s 6,060 BTC reserve now approaches the holdings of Galaxy Digital, which lists 6,894 BTC.

The company was co-founded by Eric Trump, serving as chief strategy officer, with Donald Trump Jr. listed as an investor.

Despite its growing Bitcoin stash, ABTC’s stock performance has been challenging. Shares traded around $1.14 after Friday’s close, up roughly 1.75%, but remain down about 45% year-to-date.

The decline follows a peak above $2 in early January, correlating with a weaker Bitcoin price in the new year.

The expansion of ABTC’s reserves underscores a broader trend among publicly listed companies using Bitcoin as a strategic treasury asset.

By combining mined output with selective market purchases, the firm aims to benefit from long-term cryptocurrency appreciation while strengthening its position among the world’s largest corporate Bitcoin holders.

Overall, ABTC’s aggressive accumulation strategy, high-profile backing, and proximity to top-tier corporate Bitcoin holders highlight its growing influence in the cryptocurrency space, even as market volatility continues to impact share price performance.

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