American Bitcoin, a Trump-linked miner backed by Hut 8, has expanded its corporate treasury to roughly 6,500 BTC, or about $470 million.

Eric Trump, the company’s co-founder and chief strategy officer, said in an X post that American Bitcoin accumulated more than 500 BTC over the past 21 days.

Treasury ranking and stock move

Bitcoin Treasuries data suggests the company now ranks around 17th among public firms holding bitcoin.

American Bitcoin trades under the ticker ABTC and has a market capitalization of roughly $1.4 billion.

The stock rose 11.7% on Wednesday to close at $1.15 and was up 5.2% in Thursday pre-market trading, though it remains down 34.3% year-to-date.

Mining buildout behind the strategy

The company has tied its accumulation plan to an expanding mining fleet.

Earlier this week, American Bitcoin said it purchased 11,298 ASIC mining machines, expected to add about 3.05 exahash per second.

Once deployed, the firm expects its owned fleet to reach roughly 89,242 machines representing about 28.1 EH/s of hashrate, with the new hardware scheduled for installation at its Drumheller site in Alberta.

The company previously reported mining bitcoin at a 53% gross margin in the fourth quarter of 2025.

American Bitcoin’s president Matt Prusak said on Tuesday:

“Every decision we make is oriented around maximizing bitcoin accumulation.”

Losses, revenue, and insider buys

The firm reported a $153.2 million net loss for 2025, driven largely by a $227.1 million non-cash mark-to-market loss under fair value accounting, alongside $185.2 million in annual revenue.

Two directors also disclosed open-market purchases.

Justin Mateen bought about 1.8 million shares at a weighted average price near $1.03 on March 3.

Richard Busch bought 240,000 shares at $0.96 on March 3 and another 90,000 shares at $1.15 on March 4.