Finance

American Bitcoin Adds 1,414 BTC, Bolstering Treasury to $446M Amidst Trump-Backed Mining Strategy

American Bitcoin added $163M Bitcoin, boosting its total holdings to $446M, as its stock rose over 11%.

byAndres Castro

October 27, 2025, 3:11 PM

A group of bearded men stand in front of a Bitcoin sign, possibly at a movie event.

Enthusiastic Bitcoin enthusiasts enjoy a movie night under the glow of the cryptocurrency's symbol. By MDL.

Executive Summary

American Bitcoin (ABTC), backed by Eric Trump and Donald Trump Jr., added 1,414 Bitcoin, valued at $163 million, bringing its total treasury to 3,865 BTC worth approximately $446 million.

ABTC maintains an aggressive treasury strategy, using its mining operations to achieve a cost advantage over firms relying solely on open market purchases, and plans to provide periodic “Satoshis per share” updates.

ABTC’s growth, formed through mergers, reflects a broader industry trend of public companies and mining firms, including Strategy and BitMine, accumulating significant cryptocurrency treasuries.

The Story So Far

American Bitcoin (ABTC), a company backed by Eric Trump and Donald Trump Jr. and formed earlier this year through a merger, is actively accumulating Bitcoin as part of a growing industry trend where publicly traded entities are increasingly adopting Bitcoin as a strategic treasury asset, a move supported by its cost-effective mining operations and a generally positive market sentiment for the cryptocurrency.

Why This Matters

American Bitcoin’s substantial acquisition of $163 million in Bitcoin, backed by Donald Trump Jr. and Eric Trump, underscores a growing institutional conviction in digital assets as a treasury reserve, even amidst market fluctuations. This aggressive accumulation strategy, combined with the company’s operational advantage in mining to reduce costs, signals a maturing trend where publicly traded entities are increasingly integrating cryptocurrencies into their balance sheets, potentially influencing broader corporate adoption and setting new standards for transparency with metrics like “Satoshis per share.”

Who Thinks What?

American Bitcoin (ABTC) and its Executive Chairman Asher Genoot assert that their strategy of accumulating Bitcoin through both strategic purchases and direct mining operations provides a significant cost advantage over firms relying solely on market purchases, and they are committed to transparency with metrics like “Satoshis per share.”

Companies like Strategy (formerly MicroStrategy) and BitMine Immersion Technologies demonstrate a broader industry trend of accumulating significant digital asset treasuries, with Strategy adding Bitcoin and BitMine stockpiling Ethereum, reflecting a belief in the long-term value of these assets.

Market discussions and analysts hold varied views on the sustainability of aggressive Bitcoin treasury strategies if asset prices fall below acquisition costs, though a Myriad market survey indicates that over 74% of respondents believe Bitcoin will regain $120,000.

American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., announced Monday it has added 1,414 Bitcoin, valued at approximately $163 million, to its holdings. This latest acquisition, resulting from strategic purchases and mining operations, brings the Miami-based company’s total Bitcoin treasury to 3,865 BTC, worth about $446 million as Bitcoin trades above $115,200.

ABTC’s Strategic Accumulation and Market Performance

The company, a subsidiary of Hut 8 Corp. that debuted in April, has maintained an aggressive treasury strategy. This approach persists even as Bitcoin has traded below its August all-time high of over $125,000, amidst market discussions regarding the sustainability of such strategies if asset prices fall below acquisition costs.

Following the announcement, ABTC’s stock saw an increase of over 11% to trade above $6.20. This rise comes after two weeks of trading below $6, influenced by broader crypto market uncertainties. A reported easing of U.S.-China trade tensions appeared to positively impact Bitcoin and other cryptocurrencies on Monday.

Operational Advantages and Transparency

Asher Genoot, ABTC’s executive chairman, highlighted the company’s mining operations as a key differentiator from other treasury firms. He stated that producing Bitcoin directly allows ABTC to reduce its average cost per Bitcoin, providing a cost advantage over entities that rely solely on open market purchases.

ABTC also committed to providing periodic updates on “Satoshis per share” (SPS). This metric measures the volume of Bitcoin attributable to each outstanding share of the company’s stock, calculated by multiplying total holdings by the Satoshi conversion rate (100,000,000 per Bitcoin) and dividing by the number of common shares outstanding.

Industry Context and Broader Market Activity

American Bitcoin was formed earlier this year through the merger of the Trump brothers’ business entity with Canada-headquartered miner Hut 8, followed by a combination with publicly traded Gryphon Digital Mining. The number of mining companies has expanded significantly this year, with over 200 firms now holding Bitcoin treasuries, according to bitcointreasuries.net.

This trend follows the lead of companies like Strategy (formerly MicroStrategy), which shifted its focus to Bitcoin acquisition in 2020 and now holds over $73 billion in Bitcoin. On Monday, Strategy also announced an addition of 390 Bitcoin, valued at $43 million, to its reserves.

In related news, Tom Lee’s BitMine Immersion Technologies reported adding $321 million worth of Ethereum (ETH) to its stockpile over the past week, bringing its total to 3.313 million ETH, valued at over $13.8 billion. The firm also holds 192 Bitcoin and $305 million in cash.

The market has seen varied predictions, with a Myriad market survey indicating that over 74% of respondents believe Bitcoin will regain $120,000, rather than falling to $100,000 as some analysts forecast.