Bitcoin News
By Dan Saada
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Two Channels of Accumulation, One Goal. American Bitcoin's strategy relies on two levers: direct mining production and treasury purchases.
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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.
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A Position Among the Largest Corporate Holders. With over 8,000 BTC in treasury, American Bitcoin ranks among the largest corporate holders of the…
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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.
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The company — listed on Nasdaq under the ticker ABTC — has reached this symbolic milestone after ending 2025 with 5,401 BTC.
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American Bitcoin is a majority-owned subsidiary of Hut 8 Corp and enjoys the support of the Trump family.
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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.
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But the financial picture is less clean.
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And the shares? They rose by 7% at the time of writing this article.
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Read also: MicroStrategy CEO Phong Le Buys 11,000 STRC Shares at Nearly $90 as Bitcoin Falls
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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.
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No diversification into AI. No pivot to data centers. American Bitcoin is betting everything on bitcoin, and only on bitcoin.
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It's a model similar to what MicroStrategy popularized, but with the added mining layer. It creates a different risk profile.
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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.
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See also: Strategys 3,600 Bitcoin Sell-Off Drops Price 4% — Buyback Rumors Swirl
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