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American Bitcoin Increases BTC Holdings to 5,044 as Price Falls
American Bitcoin Corp Expands Bitcoin Holdings
- American Bitcoin Corp increased its Bitcoin holdings by 261 BTC, with total reserves now at 5,044 BTC.
- The company's Bitcoin stash is valued at over $450 million, as Bitcoin traded near $89,700.
- Ranked 21st on the Bitcoin 100 list of corporate holders, closely trailing Semler Scientific.
- Surpassed Bitcoin holdings of Gemini exchange and Gamestop.
Ownership and Market Impact
- Backed by Donald Trump Jr. and Eric Trump, who founded the company in March 2025.
- Hut 8 Corp holds the majority stake; not a US government investment.
- Stock declined 4% after premarket gains, affected by Bitcoin price drop to $85,600.
- Shares dropped about 64% over the past month due to release of pre-merger private placement shares.
Strategic Accumulation Amid Volatility
- Continues to expand Bitcoin reserves during market dips, positioning as a long-term holder.
- Strategy, the largest corporate Bitcoin holder, bought 10,645 BTC for $980M, reinforcing institutional conviction.