American Bitcoin, a publicly traded company co-founded by Eric Trump, announced on Monday that it has acquired 1,414 Bitcoin (BTC) valued at approximately $163 million, expanding its total Bitcoin holdings to 3,865 BTC, worth about $445 million at current market prices.
American Bitcoin has acquired ₿1,414, bringing its total holdings to ₿3,865. Let’s keep stacking! $ABTC pic.twitter.com/Ngem4H2ohk
— American Bitcoin (@ABTC) October 27, 2025
Mining and BTC Strategic Accumulation
According to the company’s official statement, as of October 24, 2025, American Bitcoin’s 3,865 BTC holdings were accumulated through a mix of Bitcoin mining operations and strategic market purchases. Executive Chair Asher Gennut confirmed that a significant portion of the newly added BTC was mined internally, highlighting the company’s integrated mining advantage.
“We have a cost advantage over firms that buy exclusively on the open market,” Gennut said, underscoring the benefits of operating a vertically integrated mining business.
Growth Through Mergers and Nasdaq Listing
American Bitcoin went public on Nasdaq in September 2025 following a stock-swap merger with Griffon Digital Mining, a Las Vegas-based Bitcoin mining firm. The company was originally established in March 2025 when mining firm Hut 8 acquired a controlling stake in exchange for Bitcoin mining hardware.
Chief Strategy Officer Eric Trump celebrated the company’s progress on X (formerly Twitter), writing:
“We’re just getting warmed up. I’m incredibly excited about what American Bitcoin is building.”
And we are just getting warmed up! Incredibly excited about $ABTC and what we are building. https://t.co/hjv8KCbCNx
— Eric Trump (@EricTrump) October 27, 2025
Political Backlash and Crypto Controversy
The announcement comes amid growing political scrutiny of the Trump family’s cryptocurrency ventures. Representative Ro Khanna (D-CA) recently revealed plans to propose legislation banning Donald Trump and his family from receiving foreign crypto funding, calling it a matter of national integrity.
Khanna accused Trump of using his public office to amass crypto wealth, describing it as “unprecedented corruption.”
Tensions escalated further after President Trump issued a pardon for Binance founder Changpeng Zhao (CZ), who had previously pleaded guilty to U.S. anti-money-laundering violations. Representative Maxine Waters condemned the pardon as “chilling but unsurprising,” accusing Trump of “granting massive favors to crypto criminals.”
Despite political headwinds, American Bitcoin continues to expand aggressively.
Shareholder Value and Market Reaction
The company has introduced new investor metrics, including the “Bitcoin-Per-Share Ratio” and “Satoshi-Per-Share Index”, allowing shareholders to track their indirect Bitcoin exposure through share ownership.
Eric Trump emphasized:
“For a Bitcoin accumulation platform, one of the most important success metrics is how much BTC each share represents.”
Following the announcement, American Bitcoin’s stock price rose 6.23%, closing at $5.97 on Monday, and gained an additional 2.18% in after-hours trading. Related Trump-themed meme coins also jumped over 20% on the news.
According to Bitcoin Treasuries data, American Bitcoin now ranks 26th globally among public companies in Bitcoin holdings.
