Holdings Exceed 6,500 BTC After 21-Day Buying Spree
American Bitcoin's corporate treasury has surpassed 6,500 BTC, cementing its status as the 17th largest publicly traded Bitcoin holder in the world. According to a statement by company founder Eric Trump, the firm accumulated over 500 BTC within the last 21 days alone. This rapid accumulation signals a strong commitment to its Bitcoin-centric strategy, directly increasing the assets on its balance sheet at a time of shifting industry dynamics.
Mining Fleet Expands 12% as Rivals Pivot to AI
In a stark divergence from its competitors, American Bitcoin is doubling down on its core business by purchasing 11,298 new mining units. This acquisition is set to boost the company's total hash rate to 28.1 exahash, expanding its operational capacity by approximately 12%. The new, more efficient machines will be deployed at its Drumheller facility in Canada, lowering the company's fleet-wide energy usage to an average of 16.0 joules per terahash.
This move directly contrasts with the strategies of mining giants MARA Holdings and Core Scientific. Both competitors recently announced plans to sell their Bitcoin reserves to redirect capital into artificial intelligence data centers, betting that AI ventures will yield higher returns than cryptocurrency mining. American Bitcoin is making the opposite wager, choosing to deepen its investment in the Bitcoin network infrastructure.
Betting on Mining Profitability Above $45,000
American Bitcoin’s strategy is based on the calculation that its mining operations will remain profitable as long as Bitcoin's price holds above a breakeven cost benchmark of $45,000 to $50,000 per coin. By continuing to mine and hold, the company is betting on the long-term appreciation of Bitcoin itself, rather than diversifying into other high-tech sectors.
This focus is also framed as a principled stance on national economic security. The company has emphasized its goal of strengthening American-managed Bitcoin mining capacity in a market where many rivals use foreign-made hardware and capital.
Eric Trump described the company’s expanding mining fleet as part of an ambition to take the lead in shaping the future of the Bitcoin network in the United States.
— Eric Trump, Founder.
