American Bitcoin Passes Galaxy Digital in Bitcoin Holdings as Treasury Grows to 6,899 BTC

American Bitcoin, the Trump-linked mining and treasury firm formed in partnership with Hut 8, announced on March 18, 2026, that its Bitcoin holdings have increased to approximately 6,899 BTC, surpassing Galaxy Digital to become the 16th largest public corporate holder of the asset.

The company added 399 BTC to its treasury over the past two weeks, bringing its total holdings to nearly $492 million at current prices, with Bitcoin trading near $71,000. Eric Trump, who serves as co-founder and chief strategy officer, stated that “no company is climbing the ladder faster” among public Bitcoin treasury firms.

The company’s rise follows its recent purchase of 11,298 ASIC mining machines for its Drumheller, Alberta site, expected to increase its hashrate capacity by approximately 12% and add 3.05 exahashes per second—roughly 0.3% of the global network’s computing power.

Treasury Growth and Rankings

Holdings Update

American Bitcoin’s treasury now stands at 6,899 BTC, up from approximately 6,500 BTC two weeks ago. This positions the company ahead of Galaxy Digital’s 6,894 BTC holdings, according to Bitcoin Treasuries tracking data. The accumulation strategy focuses on acquiring bitcoin below spot prices through scaled mining operations rather than market purchases.

Broader Trump-Linked Holdings

Trump Media & Technology Group Corp. (DJT), the company operating Truth Social and majority-owned by President Donald Trump, holds approximately 9,542 BTC, ranking 13th among public corporate holders. Together, Trump-affiliated entities now control over 16,400 BTC worth approximately $1.16 billion.

Top Tier Comparison

The largest corporate holder remains Strategy (formerly MicroStrategy) with 761,068 BTC, followed by Marathon Digital and Twenty One Capital. Other major holders include Bullish (parent company of CoinDesk), Coinbase, and Tesla.

Company Formation and Structure

Founding Partnership

American Bitcoin was launched in March 2025 as a majority-owned subsidiary of Hut 8, formed in partnership with Eric Trump’s American Data Centers venture. At launch, Hut 8 held an 80% stake, with the remaining 20% owned by investors including Eric Trump and Donald Trump Jr.

Leadership Roles

Eric Trump serves as both co-founder and chief strategy officer at American Bitcoin, actively promoting the company’s progress through social media announcements. Donald Trump Jr. is also among the investor group backing the venture.

Operational Strategy: Mining Focus

Infrastructure Expansion

Unlike some mining firms that have begun pivoting toward artificial intelligence infrastructure, American Bitcoin is doubling down on mining operations. In March 2026, the company purchased 11,298 ASIC mining machines for its Drumheller, Alberta facility.

Capacity Impact

The new miners are expected to:

• Increase total mining capacity by approximately 12%

• Add 3.05 exahashes per second to the company’s hashrate

• Contribute roughly 0.3% of the global Bitcoin network’s total computing power

Strategic Rationale

The expansion supports American Bitcoin’s core strategy of accumulating bitcoin through mining rather than market purchases, enabling the company to build its treasury at costs below spot prices through scaled industrial operations.

Market Context

Bitcoin Price Action

Bitcoin traded near $71,000 at the time of the announcement, down approximately 4% over the previous 24 hours, reflecting ongoing market volatility.

Competitive Landscape

American Bitcoin’s ascent in treasury rankings reflects broader competition among public companies to build significant Bitcoin reserves. The firm’s rapid climb—from formation in March 2025 to the 16th position within one year—underscores the aggressive accumulation strategies being deployed by newer entrants.

Frequently Asked Questions

What is American Bitcoin’s current Bitcoin holdings?

American Bitcoin holds approximately 6,899 BTC, worth nearly $492 million at current prices. This positions the company as the 16th largest public corporate Bitcoin holder, having recently surpassed Galaxy Digital’s 6,894 BTC.

How is American Bitcoin related to the Trump family?

American Bitcoin was formed in March 2025 as a partnership between Hut 8 and Eric Trump’s American Data Centers venture. Eric Trump serves as co-founder and chief strategy officer, while Donald Trump Jr. is among the investors holding a 20% stake in the company alongside Hut 8’s 80% majority ownership.

What is American Bitcoin’s mining strategy?

Unlike some mining firms pivoting toward AI infrastructure, American Bitcoin is expanding its mining operations. The company recently purchased 11,298 ASIC miners for its Drumheller, Alberta site, expected to increase capacity by 12% and add 3.05 EH/s—approximately 0.3% of global network hashrate. This supports the company’s strategy of accumulating bitcoin below spot prices through scaled mining rather than market purchases.