American Bitcoin, a bitcoin mining company with ties to the Trump family, has significantly expanded its corporate treasury, now holding more than 6,500 bitcoin.

This places the firm among the largest publicly traded holders of the digital asset, a testament to its ongoing efforts to scale mining operations.

The company revealed these updated holdings recently, with co-founder and chief strategy officer Eric Trump confirming that over 500 BTC were accumulated in the preceding 21 days.

At current market prices, this treasury is valued at approximately $470 million, positioning American Bitcoin at around 17th among public companies with substantial BTC on their balance sheets, trailing firms like Galaxy Digital.

Trading under the ticker ABTC, American Bitcoin commands a market capitalization near $1.4 billion.

While its shares saw a rise of about 6% to $1.21 during a recent session, the stock has experienced a decline of over 30% since the start of the year, following a sharp drop from its post-listing highs.

Amidst these developments, Eric Trump utilized X to highlight that major U.S. banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are actively lobbying in Washington, D.C. to obstruct higher-yield crypto and stablecoin products.

He asserted that these banks offer depositors near-zero interest while profiting from higher rates from the Federal Reserve, claiming lobbyists are backing legislation like the CLARITY Act to restrict crypto yields and shield traditional banks from competition.

The increase in American Bitcoin's holdings is a direct result of substantial infrastructure investments aimed at boosting its Bitcoin production capacity. Earlier in the week, the company announced the acquisition of 11,298application-specific integrated circuit (ASIC) mining machines.

This new equipment is projected to add roughly 3.05 exahash per second (EH/s) of computing power to the company's operations. Once fully deployed, American Bitcoin anticipates its mining fleet will comprise approximately 89,242 machines, achieving a combined hashrate of nearly 28.1 EH/s.

The installation of this new hardware is slated for the company's mining facility located in Drumheller, Alberta, Canada. This expansion aligns with American Bitcoin's core strategy, which focuses on acquiring BTC through large-scale self-mining rather than through open-market purchases.

Company executives contend that their scaled operations enable the firm to produce bitcoin at costs below prevailing spot prices. President Matt Prusak emphasized that the company's operational decisions are primarily geared towards increasing the amount of BTC held on its balance sheet.

American Bitcoin reported mining BTC at a gross margin of about 53% during the fourth quarter of 2025, underscoring the profitability of its mining activities.

Following the release of its latest earnings report, the company also disclosed significant insider share purchases.

Justin Mateen, a board member and co-founder of the dating app Tinder who joined American Bitcoin's board in 2025, acquired approximately 1.3 million shares of American Bitcoin stock through open-market purchases at an average price near $1 per share.

Additionally, another director, Richard Busch, purchased about 330,000 shares over two trading days, as reported in filings with the U.S. Securities and Exchange Commission.

These insider transactions occurred after the company's trading window reopened subsequent to the disclosure of its fourth-quarter earnings.

Financially, American Bitcoin reported a fourth-quarter loss of roughly $59 million, with its full-year 2025 results indicating a net loss exceeding $150 million.

These losses are partly attributable to accounting rules that mandate companies to mark their BTC holdings to market, which can generate substantial paper losses during periods of price declines.

Despite these reported losses, the company successfully generated more than $185 million in revenue during its first year as a public firm, demonstrating its revenue generation capabilities.