American Bitcoin, the Trump brothers-backed mining company, just expanded its Bitcoin treasury by 416 coins, worth roughly $38 million, bringing its total holdings to about 4,783 BTC. Chief Strategy Officer Eric Trump announced the purchase on Wednesday, highlighting the company’s rapid growth since going public three months ago.
The company’s satoshis per share metric now stands at 507, reflecting a monthly increase of over 17%. This measure shows how much Bitcoin backs each share of common stock, giving investors a clear view of their indirect crypto exposure through the publicly traded vehicle.
American Bitcoin made its Nasdaq debut in September via a reverse merger with Gryphon Digital Mining. Following the all-stock deal, the Trump brothers and Hut 8, which holds majority ownership, retained roughly 98% of the combined entity using an exchange ratio of 14.5:1.
Eric Trump stressed the company’s long-term value creation strategy, citing favorable cost structures and margin profiles. Last week, American Bitcoin added 363 BTC, underscoring its consistent accumulation strategy, which has pushed it into the top 25 public Bitcoin treasury holders worldwide.
During the merger period, the firm raised $220 million through equity offerings earmarked for Bitcoin purchases and mining equipment. Management emphasized that mining operations, not market acquisitions alone, would drive reserve expansion.
The treasury figures account for purchases awaiting wallet settlement, as well as Bitcoin held in custody or allocated for miners, providing transparency on the company’s full cryptocurrency position.
Bitcoin itself rose 1.4% in the 24 hours leading up to the announcement, with markets closely watching Federal Reserve Chair Jerome Powell’s interest rate guidance for potential impact on digital asset valuations.
Eric Trump concluded that the firm remains laser-focused on executing its strategy, building momentum in the months ahead. With its rapid accumulation pace, American Bitcoin has emerged as one of the fastest-growing Bitcoin treasury operations in the publicly traded mining sector.
For investors, American Bitcoin offers a direct line to one of the most aggressive public Bitcoin treasury strategies backed by high-profile names and consistent accumulation.
