News View Non-AMP

American Bitcoin Hits 7,000 BTC as Trump Family Targets Bigger Crypto Gains

Published by
Steve Muchoki

Bitcoin (BTC) mining firm American Bitcoin now holds over 7,000 Bitcoin, worth over $467 million at press time (BTC price of $66,754). Following a prior accumulation of 416 BTC, the company is now the 16th-largest publicly traded Bitcoin Treasury in the world. The development also marks 186.53% growth in the company’s holdings, given that it went public with 2,443 BTC in September, 2025.

American Bitcoin employs a dual accumulation strategy – either mining or buying Bitcoin. With a total investment of around $360 million, the firm’s average cost basis for its reserve is $51,428, indicating an unrealized profit of $15,040 per Bitcoin.

American Bitcoin BTC accumulation

American Bitcoin is one of several publicly traded companies that have increased their Bitcoin holdings despite current market uncertainty and consolidation.

Strategy acquired over 23,000 Bitcoin this month before the recent pause of its 13-week streak of purchases. 21 Capital and Metaplanet are other accumulators whose reserves mostly come from purchases made in 2025. Others continue to pursue Bitcoin investments, including Empery Digital, which recently raised $1.3 billion toward this cause.

Differently, miners such as MARA Holdings, Bitdeer Technologies, and Cipher Digital sold their Bitcoin to fund the transition to AI and traditional investment instruments.

Meanwhile, Tesla has maintained a stash of 11,509 BTC for several quarters with no additional sales or purchases.

These differences in sales and purchases persist due to varying perceptions of near-term and long-term profitability.

Company performance metrics

Despite its latest milestone, American Bitcoin stock (Nasdaq: ABTC) failed to reflect the development, closing at $0.79 (an 8.14% drop from the previous day’s close) and nearly 88% less than its post-IPO price of $14.52.

Source: MarketWatch. 

The company also recorded a loss of $153.2 million in 2025, a significant increase from the previous year’s $21.3 million loss, despite a 159% YoY increase in revenue.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Best Altcoins To Buy And Hold Till 2030: Standard Chartered’s Geoffrey Kendrick Names Top 4

Standard Chartered's head of digital assets research, Geoffrey Kendrick, says tokenization is now "100% locked…

October 4, 2026

XRP Price Prediction War: Peter Brandt’s Fool Coin Label Draws ‘He’s A Fool’ Reply From Versan Aljarrah

Veteran trader Peter Brandt has dismissed XRP as a "fool coin" while his own chart…

October 4, 2026

Bitcoin Price Prediction: Can BTC Reach $92,000 Or $97,000 This Week?

Bitcoin still has room to climb toward $92,000 or even $97,000, but only if it…

October 4, 2026

Bitcoin Crash Warning Goes Viral as X Post Flags Benner Cycle

A Bitcoin crash warning is making the rounds on X, with a trending post comparing…

October 3, 2026

Ethereum Price Holds $2,600 as Futures Activity Dominates

The Ethereum price is holding above the $2,600 zone, keeping $3,400 firmly in focus after…

October 3, 2026

Donald Trump (TRUMP) Token Team Moves $249M to CEXs as Price Falls by 6%

Wallets linked to the Donald Trump (TRUMP) token team have moved 81.87 million TRUMP tokens…

October 3, 2026