Eric Trump Celebrates as American Bitcoin Tops 6,500 BTC, Becomes World's 17th-Largest Publicly Traded Holder

American Bitcoin (ABTC), co-founded by Donald Trump Jr. and Eric Trump, listed on Nasdaq through a merger with Gryphon Digital Mining. The Trump brothers and bitcoin miner Hut 8 together own about 98% of the company. Under Nasdaq rules, a stock may face delisting if it closes below $1 for 30 consecutive trading days, making the reverse split critical to maintaining the listing.

American Bitcoin shareholders approved a 1-for-15 reverse stock split on June 22, 2026. It will take effect after the July 2 close, with trading at the adjusted price beginning at the July 6 open under the unchanged ABTC ticker. Shares outstanding will fall from more than 1 billion to about 73 million. The stock dropped 8.4% on July 1 to a record-low close of $0.62, then rebounded 4.5% after hours to $0.65. It has fallen more than 63% this year.

The United States increasingly views Bitcoin mining, AI computing capacity and energy supply as matters of national security and industrial competition. Since returning to the White House on January 20, 2025, Donald Trump has continued courting the industry by positioning himself as the “crypto president.” His son Eric Trump’s involvement in American Bitcoin (ABTC) has also drawn attention to the intersection of the administration’s policy agenda and the Trump family’s business interests.

Eric Trump said in a recent interview that the United States must win the energy, AI and Bitcoin races simultaneously or risk losing its lead to Asia and the Middle East. He disclosed that American Bitcoin currently controls about 2.5%–3% of global Bitcoin mining hashrate. He also said the Trump administration would pursue cryptocurrency legalization and friendly regulation to preserve U.S. competitiveness.

American Bitcoin (NASDAQ: ABTC), co-founded by Eric Trump and Donald Trump Jr., focuses on Bitcoin mining and asset accumulation. It went public on September 3, 2025, through a merger with Gryphon Digital Mining. The Trump family name has drawn market attention while putting the company’s operating efficiency, equity dilution and risks to retail investors under scrutiny.

On April 28, 2026, Forbes estimated that retail investors had lost about $500 million since ABTC’s listing and questioned its profit model. Eric Trump responded the same day, saying the company held more than 7,000 BTC, operated about 90,000 mining machines and had 28 EH/s of computing power, making it the 16th-largest publicly traded Bitcoin holder. He also alleged that Chinese capital had influenced the report but provided no evidence of interference in the editorial process.

American Bitcoin (ABTC), chaired by Eric Trump, combines Bitcoin mining with a treasury strategy that keeps mined BTC on its balance sheet. The model allows the company to accumulate crypto assets but leaves its financial results more exposed to Bitcoin price swings and the mining industry’s pivot toward AI computing.

American Bitcoin’s net loss widened to $82 million in the first quarter of 2026, while revenue also missed expectations, mainly because a drop in Bitcoin’s price triggered a $117 million book impairment. Costs fell 23% over the same period, and the company mined a record 817 BTC. Eric Trump said it would continue building its reserves and was not considering any sales for now.

Trump family-backed American Bitcoin (ABTC) focuses on accumulating Bitcoin and expanding its mining operations. While several miners are redirecting power and data-center resources to AI computing, ABTC continues to invest in ASIC miners. The strategy distinguishes its bet on Bitcoin mining and has drawn market attention to its added hashrate.

ABTC has purchased 11,298 ASIC miners for an undisclosed amount and expects to deploy them in Alberta, Canada, in March 2026. The new equipment could increase the company's mining capacity by about 12% and raise its share of global Bitcoin hashrate by roughly 0.3%. Its shares surged more than 12% at one point after the announcement.

American Bitcoin (ABTC) is a Trump family-backed Bitcoin miner whose operating performance is heavily influenced by Bitcoin prices, mining costs and asset revaluations. The company holds more than 6,000 Bitcoin. Its financial results reflect not only the state of its mining operations but also serve as a key gauge of the Trump family’s cryptocurrency interests.

American Bitcoin reported a net loss of $59.5 million for the fourth quarter of 2025. Although revenue rose 22% from the third quarter of 2025, the increase was not enough to offset the impact of revaluing its digital assets. The company consequently recorded a substantial loss for the full year of 2025, underscoring the effect of its Bitcoin-holding strategy on earnings volatility.

American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, combines in-house mining with open-market purchases to expand its Bitcoin reserves. Because its assets and earnings are closely tied to BTC prices, the fourth-quarter decline reduced the value of its holdings and amplified swings in its financial results, making the company a notable case study in the risks of corporate Bitcoin strategies.

American Bitcoin reported a fourth-quarter loss of $59 million as a sharp drop in Bitcoin prices eroded the value of its holdings. The company held more than 6,000 BTC at the end of the quarter and continued to pursue its dual growth strategy of mining and open-market purchases, accumulating more Bitcoin despite price volatility.