Trump-Linked Miner Overtakes Galaxy With 6,899 BTC Holding

Edgen Crypto

·Mar 18 2026, 18:45

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Key Takeaways

American Bitcoin (ABTC), a mining firm with ties to the Trump family, has expanded its Bitcoin treasury to 6,899 BTC, valued at approximately $491 million. This strategic accumulation has pushed the company ahead of major player Galaxy Digital in the corporate holdings rankings, signaling a continued and competitive push by public companies to build significant Bitcoin reserves.

American Bitcoin (ABTC) now holds 6,899 BTC, valued at over $490 million, making it the 16th-largest public corporate holder of the asset.
The firm surpassed Mike Novogratz's Galaxy Digital (6,894 BTC), highlighting a shift in the corporate treasury rankings as newer entities accumulate aggressively.
ABTC is doubling down on its mining operations with the purchase of 11,298 new miners, contrasting with competitors that are pivoting to AI infrastructure.

Trump-Affiliated Miner Now Holds 6,899 BTC

American Bitcoin (ABTC), a mining firm with ties to the Trump family, has increased its reserves to 6,899 BTC, worth approximately $491 million. This accumulation propels the company past Mike Novogratz’s Galaxy Digital, which holds 6,894 BTC, securing ABTC's position as the 16th-largest public holder of the asset. The move highlights the intensifying competition among corporations building out their Bitcoin treasuries.

The company was established in March 2025 when mining firm Hut 8 (HUT) launched it as a subsidiary, retaining an 80% stake. The remaining 20% is held by a group of investors that includes Eric Trump and Donald Trump Jr., cementing its connection to the Trump family's business ventures.

Miner Buys 11,298 ASICs, Defying Industry AI Pivot

While some mining competitors pivot their resources toward artificial intelligence infrastructure, American Bitcoin is doubling down on its core mining operations. In March 2026, the company purchased 11,298 new ASIC miners for its site in Drumheller, Alberta. The hardware upgrade is expected to boost its total capacity by about 12%, adding 3.05 exahashes per second of computing power to its operations.

This strategy reinforces a growing trend of Bitcoin accumulation within Trump-affiliated entities. Trump Media & Technology (DJT) separately holds 9,542 BTC on its balance sheet. Although significant, these holdings are still dwarfed by market leader Strategy (MSTR), which has amassed a treasury of 761,068 BTC, illustrating the vast scale of the corporate adoption landscape.