American Bitcoin, a mining company supported by members of the Trump family, has increased its Bitcoin reserves to a total of 5,843 BTC, making it one of the largest corporate Bitcoin holders globally. Since its Nasdaq IPO in September 2025, the company has achieved approximately a 116% increase in Bitcoin production through mining and acquisitions. Recently, it surpassed companies like Nakamoto Inc. and GameStop Corp to become the 18th largest corporate Bitcoin holder. Its shares closed slightly lower in Tuesday’s pre-market trading, with a year-over-year price decline of about 12%. The Trump family, including Donald Trump Jr. and Eric Trump, owns roughly 20% of the company, while Hut 8 holds the remaining 80%. After merging with Gryphon Digital Mining last year, American Bitcoin established itself as an independent public company. With rapidly growing reserves, the firm reported profitability in its third-quarter earnings and increased revenue following expanded mining capacity. The company’s Bitcoin holdings rose from around 4,000 BTC to 5,843 BTC, an addition of over 1,800 BTC. Eric Trump noted the company’s swift rise in corporate Bitcoin rankings, climbing from 30th to 18th place in five months. This accumulation strategy reflects a broader trend among mining companies treating Bitcoin as a long-term asset rather than for short-term liquidity, while investors also diversify into precious metals and bonds. Currently, Bitcoin is priced at approximately $88,144 with a global market capitalization near $1.76 trillion, showing modest recent gains.
Source: bitcoinmagazine
