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.
Summary
- 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.
BitcoinTreasuries data showed 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, according to Google Finance data. 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.
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.
