American Bitcoin has accumulated over 7,000 Bitcoin as the Trump-family’s mining firm struggles to bring back its stock price to over a dollar and maintain its NASDAQ listing.
Trump Family Bitcoin Vehicle Raises Stash to 7,000 BTC Despite Share Price Weakness
31 March 2026 - 10:50 CEST
The company increased its stash from 6,500 in early March, pushing it to the top 16 largest BTC holders in the world, according to a post on X by Eric Trump.
Stock takes a beating
American Bitcoin was founded in 2025 by Eric and Donald Trump Jr at the peak of the crypto market. It quickly raised hundreds of millions of dollars for its mining operations, pushing its stock price as high as $14.65
Falling bitcoin prices and the increasing challenges facing the mining industry have weighed on its share price and financials. American Bitcoin reported a $301.8mn loss in Q4, almost entirely on the back of unrealized losses on its digital asset holdings. ABTC closed down 8 cents at $0.79 on the Nasdaq on 30 Mar, recovering to $0.82 in pre-market trading on 31 Mar. To remain listed on the tech-heavy stock exchange, a company’s share must maintain a minimum bid price of $1.00.
Accumulation at full throttle
The announcement by American Bitcoin comes amid difficult market conditions for the industry generally. Dwindling profit margins are pushing major miners, such as MARA and Core Scientific, to search for more lucrative opportunities, including by shifting their computing capacity to AI.
Still, "the accumulation machine is running at full throttle," Eric Trump insisted, citing a strategy of mining at a discount and disciplined buying. The firm’s belief in building out its treasury is similar to other large Bitcoin accumulators, such as Strategy and MetaPlanet.
