Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly Satoshis per share climbs past 660, reinforcing rapid treasury expansion since Nasdaq debut. By James Van Straten , AI Boost | Edited by Nikhilesh De Mar 30, 2026, 5:07 p.m. Make preferred on What to know : American Bitcoin reserves reach 7,000 BTC, roughly tripling in under seven months. Shares slide even as reserves surge and bitcoin exposure per share climbs. American Bitcoin (ABTC), the Donald Trump family-backed company, has hit 7,000 BTC in its bitcoin BTC $ 67,295.64 reserve, marking roughly a threefold increase in these assets since its Nasdaq debut in September 2025, according to the company . The firm also reported a more than doubling of its satoshis per share, a metric that reflects the amount of bitcoin attributable to each outstanding share, reaching over 660 satoshis per share and increasing bitcoin exposure for shareholders. The milestone places ABTC as the 16th-largest publicly traded Bitcoin treasury globally, a jump of 14 positions in under seven months. Eric Trump , co-founder and chief strategy officer at American Bitcoin, said in a statement that said, "the accumulation machine is running at full throttle, mining at a discount and disciplined buying. No company is climbing the rankings faster. Up we go.” Despite strong accumulation, shares have struggled, falling 2% on Monday to $0.84. It is down roughly 88% over the past six months. Trump Bitcoin News AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You The Definitive Stablecoin Landscape Series: North America By CoinDesk Research Mar 26, 2026 Commissioned by Ripple As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters : Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report More For You Bitcoin hashrate posts first-quarter drop for first time in 6 years as miners pivot to AI By James Van Straten | Edited by Sheldon Reback 2 hours ago The first-quarter decline breaks a long-standing growth trend, but could ultimately support decentralization as public U.S. miners face losing dominance. What to know : Bitcoin’s hashrate is down around 4% this year, the first first-quarter decline since 2020, following five consecutive years of double-digit growth. As mining economics deteriorate, firms are allocating capital to AI infrastructure, a shift that may reduce concentration among large U.S. miners and improve network decentralization. Read full story Latest Crypto News Bitcoin hashrate posts first-quarter drop for first time in 6 years as miners pivot to AI 2 hours ago The SEC’s latest crypto guidance still leaves too much unsaid 2 hours ago Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back 2 hours ago Bernstein says the 60% crash in crypto stocks is a rare chance to buy the dip at a 'big' discount 2 hours ago Zcash upside hinges on repricing financial privacy in an AI-driven world, Grayscale says 2 hours ago Nearly half of all circulating bitcoin is underwater as long-term holders sell at a loss 3 hours ago Top Stories Bitcoin rises as Trump says U.S. in talks with 'new regime' in Iran, threatens oil infrastructure if deal fails 5 hours ago Ethereum Foundation stakes additional $42 million of ether 7 hours ago Polymarket trader exploits UFC blunder, turns $676 into $67,000 in under a minute 7 hours ago Rate hike bets are building for the Fed – and now the Bank of Japan too 4 hours ago Midas raises $50 million to tackle pain point for tokenized asset investors 6 hours ago Bitcoin bullish bets hit a 28-month high on Bitfinex, and that's music to bears' ears 23 hours ago In this article BTC BTC $ 67,275.84 ◢ 1.40 %