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American Bitcoin Corp has exceeded 8,000 bitcoins in its treasury. It’s clear, it’s significant, and it’s happening fast.
The company — listed on Nasdaq under the ticker ABTC — has reached this symbolic milestone after ending 2025 with 5,401 BTC. Essentially, that’s an increase of nearly 50% in six months. For a company that hasn’t been on the public markets for very long, this is an accumulation rate that catches the eye.
American Bitcoin is a majority-owned subsidiary of Hut 8 Corp and enjoys the support of the Trump family. Eric Trump, co-founder, views this growth as disciplined and significant — his words. Since the Nasdaq listing, the company’s bitcoin reserve and bitcoin per share have almost tripled. Almost. Not quite. But almost.
Two Channels of Accumulation, One Goal
American Bitcoin’s strategy relies on two levers: direct mining production and treasury purchases. In the first quarter of 2026, the company mined 817 BTC and added 1,620 BTC to its reserve — an increase of about 30% in three months. The summer continues along the same trajectory, according to available data.
On the production side, American Bitcoin deployed 11,298 ASIC miners at its Drumheller site in Alberta in March. The operation increased mining capacity by 12% and added 3.05 EH/s in total. More importantly, the mining cost per bitcoin fell to around $36,200 in Q1, compared to $46,900 in the previous quarter. A 23% decrease. That’s tangible.
But the financial picture is less clean.
Net Loss of $81.8 Million Despite $62 Million in Revenue
The company recorded a net loss of $81.8 million for the first quarter, with revenue of $62.1 million. The discrepancy stems from the declining crypto market during the period and heavy investments related to expansion. Not really a surprise for those following the sector — miners pushing hard on capacity burn cash before reaping rewards. It’s still hard to swallow for short-term shareholders.
And the shares? They rose by 7% at the time of writing this article.
But there’s another number to note. The 1-for-15 reverse stock split, approved at the annual shareholders’ meeting on June 22, took effect on July 2. The shares have been trading on an adjusted basis since July 6. It’s a classic capital structure decision to optimize market readability — nothing extraordinary in itself, but it says something about the direction the company is taking.
No diversification into AI. No pivot to data centers. American Bitcoin is betting everything on bitcoin, and only on bitcoin. In a sector where many miners are looking to reposition towards artificial intelligence to diversify their income, this choice stands out.
A Position Among the Largest Corporate Holders
With over 8,000 BTC in treasury, American Bitcoin ranks among the largest corporate holders of the asset. The company sometimes surpasses Galaxy Digital in this regard, according to available data. The idea behind all this: to offer public investors a dual exposure — to mining production on one side, to a growing bitcoin reserve on the other.
It’s a model similar to what MicroStrategy popularized, but with the added mining layer. It creates a different risk profile. More leverage on the price of bitcoin, but also more fixed costs related to infrastructure.
Success for shareholders will depend on two things: where bitcoin goes, and if American Bitcoin maintains discipline on its spending. For now, the treasury is rising. The losses too, for the moment.
The company operates a site in Drumheller, Alberta — that’s where the 11,298 ASICs are running. No further details on potential new sites in the available information.
The mining cost at $36,200 per BTC remains well below current market prices, leaving a margin. But that can change quickly if the global network hashrate continues to rise.
Frequently Asked Questions
How many bitcoins does American Bitcoin hold in July 2026?
American Bitcoin Corp holds over 8,000 BTC in treasury, compared to 5,401 BTC at the end of 2025, an increase of nearly 50% in six months.
What is the mining cost per bitcoin for American Bitcoin in Q1 2026?
The mining cost fell to around $36,200 per bitcoin in the first quarter of 2026, down 23% from $46,900 in the previous quarter.
What is ABTC’s 1-for-15 reverse stock split?
The 1-for-15 reverse stock split was approved on June 22 at the annual shareholders’ meeting and took effect on July 2, with shares trading on an adjusted basis since July 6.
