American Bitcoin (ABTC), a Nasdaq-listed Bitcoin mining and trading company backed by Eric Trump and Donald Trump Jr., announced that its Bitcoin holdings increased to 4,004 coins (worth approximately $415 million).
Key points:
- American Bitcoin Corporation (ABTC), backed by Eric Trump and Donald Trump Jr., announced that it has increased its Bitcoin holdings to 4,004 coins, worth $415 million.
- The company’s share price increased by 2% thanks to the adoption of a dual strategy combining Bitcoin mining and its purchase on the markets.
- ABTC follows Strategy’s approach – formerly known as MicroStrategy – to collecting Bitcoin, but with lower profit margins.
Between October 24 and November 5, the company added 139 Bitcoins to its holdings, worth over $14 million at current prices.
American Bitcoin Company ranks 25th on the list of companies that own the most Bitcoin.
Recent buying activity has elevated American Bitcoin to the 25th largest Bitcoin holding company, according to data from bitcointreasuries.net.
“We continue to expand our Bitcoin holdings quickly and cost-effectively through a dual strategy that combines Bitcoin mining activities with disciplined market purchases,” said Eric Trump, co-founder and chief strategy officer.
Subsequently, U.S. Bitcoin stocks rose nearly 2% Friday afternoon in New York after a volatile session that began with declines.
The company was listed on the stock exchange last September after a series of mergers that strengthened its operations, becoming one of the most significant digital asset institutions.
The company was formed earlier this year through a merger between the Trump brothers’ business entity and Hut 8, a Canadian-based Bitcoin mining company, followed by a merger via the stock exchange with Gryphon Digital Mining, which was previously publicly traded.
JUST IN: The Trump Family’s American Bitcoin Just Bought 139 Bitcoins Worth $13.9 Million
They now hold 4,004 Bitcoins worth $401.6 million. pic.twitter.com/Piyskt0Mjj– Bitcoin Archive (@BitcoinArchive) November 7, 2025
At the time of writing, Bitcoin is trading up 3% over the past 24 hours around $103,369, amid a slight recovery in crypto markets, but its price has remained down around 18% from its highest ever levels (ATH) above $126,000 early last October.
American Bitcoin is also following in the footsteps of Strategy – formerly known as MicroStrategy – a Nasdaq-listed software company that has been accumulating Bitcoin balances since 2020.
Strategy currently owns more than 641,000 Bitcoins, worth the equivalent of $66 billion, making it the largest company in ownership of the currency in the world.
Like other mining companies, US Bitcoin faces an increasingly challenging environment. After Bitcoin’s halving in 2024, rewards for mining transaction blocks decreased from 6.25 to 3.125 BTC, leading to lower profit margins for miners, prompting some mining companies to invest in AI-based computing as a secondary source of revenue.
Trump family profits from crypto projects amount to $1 billion before taxes
A Financial Times investigation reported that the Trump family made nearly $1 billion in pre-tax profits over the past year from a vast network of crypto projects.
Its investment activities span across meme coins, stablecoins, decentralized finance (DeFi), and digital collectibles, including Official Trump-TRUMP and Melania Meme-MELANIA, which generated approximately $427 million in gains, and World Liberty Financial-WLFI, which generated an additional $550 million in gains. Dollar.
For its part, the family stablecoin USD1 (USD1-USD1) backed 1:1 by US Treasuries received investments amounting to $2.71 billion from reserves and parallel fees, which reinforced the family’s growing presence in the digital asset sector.
The newspaper’s investigation also shed light on investors around the world pouring billions of dollars into what some are calling “Trump’s digital assets empire.”
Reports speak of Chinese businessman Justin Sun investing $75 million in World Liberty Financial, while the Abu Dhabi Fund (MGX) provided a $2 billion investment to the Binance platform using the $1 stablecoin.
Subsequently, the previously loss-making Trump Media and Technology Group (TMTG) returned to the spotlight as a company with a market value equivalent to $3 billion, with strong support from new currency and wallet offerings, more than half of which is owned by President Trump himself.
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