Trump-linked American Bitcoin's BTC holdings overtake Mike Novogratz’s Galaxy Digital

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Trump-linked American Bitcoin's BTC holdings overtake Mike Novogratz’s Galaxy Digital American Bitcoin (ABTC) has climbed to become the 16th-largest bitcoin holder, with 6,899 BTC, as firms compete to build bitcoin treasuries. By Helene Braun | Edited by Stephen Alpher Mar 18, 2026, 3:44 p.m. Make us preferred on Google What to know : American Bitcoin, a Trump-linked bitcoin mining and treasury firm, now holds 6,899 bitcoin, making it the 16th-largest public holder of the asset. The company’s rise, alongside Trump Media & Technology’s 9,542 bitcoin stash, highlights the growing presence of Trump-affiliated entities among major corporate bitcoin holders. Formed in 2025 by Hut 8 and backed in part by Eric Trump and Donald Trump Jr., American Bitcoin is doubling down on mining capacity rather than pivoting to AI infrastructure. American Bitcoin (ABTC), a mining and treasury firm tied to the Trump family, now holds more bitcoin BTC $ 71,361.82 than Mike Novogratz’s Galaxy Digital (GLXY). The company owns 6,899 BTC, worth about $491 million, edging past Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net. The shift highlights how newer entrants continue to climb the rankings as firms compete to build large bitcoin reserves. At the top remains Michael Saylor’s Strategy (MSTR) with 761,068 BTC. It is followed by Marathon Digital (MARA) and Jack Mallers’ Twenty One Capital. Other major holders include Bullish (BLSH), CoinDesk’s parent company, Coinbase (COIN) and Tesla (TSLA). American Bitcoin’s rise also underscores the growing role of Trump-affiliated entities in the market. Trump Media & Technology (DJT), the company linked to U.S. President Donald Trump, holds 9,542 BTC. American Bitcoin, formed in March 2025 when Hut 8 (HUT) launched it as a majority-owned subsidiary focused on large-scale mining and holding bitcoin on its balance sheet. Hut 8 held an 80% stake at launch, with the remaining 20% owned by investors including Eric Trump and Donald Trump Jr. Unlike some mining firms that have begun shifting resources toward artificial intelligence infrastructure, American Bitcoin has doubled down on mining. In March 2026, it bought 11,298 ASIC miners for its Drumheller, Alberta site. The machines are expected to lift its capacity by about 12% and add 3.05 exahashes per second, or roughly 0.3% of the global network’s computing power. Bitcoin recently traded at $71,092, down 4% over the past day. Bitcoin News More For You Crypto exchange Kraken freezes multibillion-dollar IPO plan due to difficult market conditions By Will Canny , Helene Braun | Edited by Sheldon Reback 30 minutes ago Kraken's parent company filed a draft S-1 registration statement with the SEC in November regarding the proposed initial public offering of its common stock. What to know : Kraken paused its IPO plans after confidentially filing with the SEC in November, with sources saying it may revisit a listing when market conditions improve. The delay comes after a banner year for crypto IPOs. Firms like Circle, Bullish and Gemini went public and raised $14.6 billion collectively in 2025. Kraken’s $800 million raise at a $20 billion valuation, and broader industry trends, suggest this year's IPO candidates will emphasize financial infrastructure, compliance, and steady revenue over trading-driven models. Read full story Latest Crypto News Crypto exchange Kraken freezes multibillion-dollar IPO plan due to difficult market conditions 30 minutes ago Traders can now bet on the S&P 500 around the clock without ever touching a traditional stock exchange 32 minutes ago Key U.S. senator on crypto market structure bill negotiation: 'We think we've got it' 34 minutes ago Bitcoin hash rate is tumbling as Iran war lifts energy prices 52 minutes ago Bank of Korea adds two banks to digital won trials as real-world testing begins 1 hour ago Stripe-led payments blockchain Tempo goes live with protocol for AI agents 1 hour ago Top Stories Bitcoin quickly pulls back to $71,000 as Iran fears team up with poor U.S. inflation data 2 hours ago U.S. SEC issues first-ever definitions for what crypto assets are securities 19 hours ago Powell's comments on oil, inflation are likely to guide bitcoin traders 4 hours ago UK lawmakers urge ‘immediate moratorium’ on crypto political donations 3 hours ago Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi 12 hours ago Bitcoin’s rally runs into 'sell the news' risk ahead of Fed decision 5 hours ago In this article BTC BTC $ 71,361.82 ◢ 3.46 %