American Bitcoin, the publicly listed bitcoin accumulation platform backed by the Trump family and developed in partnership with Hut 8, has acquired another 500 BTC.
The purchase pushes the company’s total holdings to 8,000 BTC worth around $480 million as per the current prices, enough to claim the 16th spot among publicly traded corporate bitcoin holders.
Shares of American Bitcoin have fallen more than 60% year to date, and last week the company announced a 1-for-15 reverse stock split designed to keep the price above Nasdaq’s minimum threshold. The split will shrink the outstanding share count from roughly 1.09 billion to about 73 million.
ABTC shares rose 8.49% to $9.14 during Nasdaq trading on July 6, lifting the company’s market capitalization to approximately $7.33 billion, according to Nasdaq.
As previously reported by 3.0 tv, American Bitcoin posted an $81.8 million net loss in the first quarter of 2026. The loss came as Bitcoin fell 22% during the quarter, which led to a $117.2 million non-cash charge on the company’s digital asset holdings.
8,000+ BTC and rising.
Since our Nasdaq debut:
>3x growth in Bitcoin Reserve
~3x growth in Satoshis per ShareThe mission hasn’t changed. $ABTC pic.twitter.com/rQhLvYa6NI
— American Bitcoin (@ABTC) July 6, 2026
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