Trump-backed American Bitcoin hits 8,000 BTC as ABTC stock rebounds
American Bitcoin Corp. said its Bitcoin reserve has moved above 8,000 BTC after its latest treasury update.
- American Bitcoin adds 500 BTC, growing its treasury while ABTC shares stay under pressure.
- The 1-for-15 reverse split keeps Nasdaq compliance in focus after a steep 2026 stock slide.
- Hut 8 mining gives American Bitcoin scale, but losses still shadow its treasury growth plans.
In a July 6 post on X, the company said its Bitcoin reserve has grown more than threefold since its Nasdaq debut, while its satoshis-per-share metric has also grown nearly threefold.
American Bitcoin holding 8,000 BTC, worth about $512 million, among publicly traded Bitcoin treasury companies. The same tracker ranked the company near the top tier of public corporate BTC holders, ahead of GD Culture Group and Galaxy Digital in the U.S. list.
ABTC stock rises after reverse split
ABTC traded at $8.49 at the time of writing, up 14.1% on the day. The stock opened at $7.98, touched an intraday high of $9.31, and fell as low as $7.40, with volume above 2.17 million shares.
Source: Google Finance
The move followed American Bitcoin’s 1-for-15 reverse stock split. The company said the split became effective at 5:00 p.m. on July 2, with Class A shares set to trade on a split-adjusted basis on Nasdaq from July 6 under the same ABTC ticker.
American Bitcoin said the split would reduce issued shares from about 1.09 billion to roughly 73 million. The company said the action was mainly meant to lift the per-share price and help maintain compliance with Nasdaq’s minimum bid price rule.
Mining output supports treasury growth
As previously reported by crypto.news, American Bitcoin posted an $81.8 million net loss in the first quarter of 2026. The loss came as Bitcoin fell 22% during the quarter, which led to a $117.2 million non-cash charge on the company’s digital asset holdings.
The company still mined 817 BTC in the quarter and cut its cost per Bitcoin to $36,200. That was down 23% from $46,900 in the fourth quarter of 2025. American Bitcoin also bought 803 BTC during the quarter, taking its holdings to 7,021 BTC as of March 31.
CEO Mike Ho defended the operating result at the time. “The underlying business was profitable and we did not sell a single coin,” he said, referring to the company’s mark-to-market charge.
Hut 8 link remains central to ABTC strategy
American Bitcoin was launched by Hut 8 and Eric Trump in March 2025. Hut 8 said at the time that the company aimed to build a large pure-play Bitcoin miner while developing a strategic Bitcoin reserve.
As previously reported by crypto.news, American Bitcoin is backed by Eric Trump and Donald Trump Jr. The company has built its model around self-mining and treasury accumulation, rather than shifting away from mining toward artificial-intelligence data centers.
The latest treasury update shows that American Bitcoin continues to add BTC despite pressure on its share price earlier this year. The company’s stock rebound after the reverse split gives ABTC a higher trading price, but its performance still remains tied to Bitcoin prices, mining costs, and investor demand for public Bitcoin treasury firms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
