{"id":7983,"date":"2026-03-31T12:57:47","date_gmt":"2026-03-31T12:57:47","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=7983"},"modified":"2026-03-31T12:57:47","modified_gmt":"2026-03-31T12:57:47","slug":"trump-backed-american-bitcoin-hits-7000-btc-as-stock-slides-into-penny-territory","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=7983","title":{"rendered":"Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_3abdec92a1f29da79f62fe94835118cc\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">American Bitcoin Corp holds 7,000 BTC valued at approximately US$474 million, ranking it 16th among publicly traded companies globally by Bitcoin treasury size.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company\u2019s stock trades around US$0.84, down roughly 88% from its post-listing peak of approximately US$9.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">About one-third of the 7,000 BTC was sourced from self-mining operations running roughly 89,000 ASICs at 28.1 EH\/s; the remainder came through open-market purchases, with the company adding 11,298 new ASICs in early March 2026 alone.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>American Bitcoin increased its treasury to 7,000 BTC, up from 5,401 BTC at the end of 2025 and roughly tripled since its Nasdaq listing in September 2025.\u00a0<\/p>\n<p>The company was formed through a merger between Hut 8 Corp.\u2019s mining subsidiary and Gryphon Digital Mining, with Hut 8 retaining majority ownership. Eric Trump serves as Chief Strategy Officer.<\/p>\n<p>At a Bitcoin (BTC) price of about US$67,500 (AU$97,875), the holdings are valued near US$474 million (AU$687.3 million).\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">7,000+ BTC and still climbing.<\/p>\n<p>Since our Nasdaq debut:<\/p>\n<p>~3x growth in Bitcoin Reserve<br \/>&gt;2x\u00a0growth in Satoshis per Share<br \/>Currently ranked #16 globally among publicly-traded Bitcoin companies<\/p>\n<p>This is just the beginning. <a href=\"https:\/\/twitter.com\/ABTC?ref_src=twsrc%5Etfw\">@ABTC<\/a> <a href=\"https:\/\/t.co\/HdrbZUjTcQ\">pic.twitter.com\/HdrbZUjTcQ<\/a><\/p>\n<p>\u2014 American Bitcoin (@ABTC) <a href=\"https:\/\/twitter.com\/ABTC\/status\/2038583266001989853?ref_src=twsrc%5Etfw\">March 30, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The reserve grew steadily through early 2026, reaching 6,000 BTC by mid-February, 6,500 BTC by early March, 6,899 BTC by mid-March, and 7,000 BTC by the end of the month.<\/p>\n<p><strong>Related: Bitcoin Steady After Trump Extends Iran Strike Pause as Markets Stabilise<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-btc-goes-up-stock-goes-down\">BTC Goes Up, Stock Goes Down<\/h2>\n<p>About one-third of the holdings come from self-mining. The company operates approximately 89,000 ASIC machines with a combined hash rate of 28.1 EH\/s and retains all mined Bitcoin.<\/p>\n<p>The remaining two-thirds were acquired through market purchases, partly funded by a US$150.5 million (AU$218.2 million) equity raise completed in Q4 2025.<\/p>\n<p>Important to note that mining gross margins were 53% in Q4 2025, and the company reported a net loss of US$59 million (AU$85.6 million) for the quarter, largely due to a US$227 million (AU$329.2 million) non-cash mark-to-market loss as Bitcoin prices declined.\u00a0<\/p>\n<p>Full-year 2025 revenue was about US$185 million (AU$268.3 million). In March 2026, the company added 11,298 ASIC machines to expand capacity.<\/p>\n<p>Satoshis per share increased to 660, equivalent to about US$0.45 (AU$0.65) at current prices. American Bitcoin ranks 16th among public companies holding BTC, ahead of Galaxy Digital with about 6,894 BTC.<\/p>\n<p>The stock trades near US$0.84 (AU$1.22), giving a market capitalisation of about US$884 million (AU$1.28 billion), according to Google Finance data.<\/p>\n<p>The company has more than 900 million shares outstanding and continues to report operating losses. Its balance sheet remains closely tied to BTC price movements.<\/p>\n<p><strong>Read more: Bipartisan Bill Targets Political Betting by Federal Officials<\/strong><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Bitcoin,Donald Trump#TrumpBacked #American #Bitcoin #Hits #BTC #Stock #Slides #Penny #Territory1774961867<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Bitcoin Corp holds 7,000 BTC valued at approximately US$474 million, ranking it 16th among publicly traded companies globally by Bitcoin treasury size. The company\u2019s stock trades around US$0.84, down roughly 88% from its post-listing peak of approximately US$9. About one-third of the 7,000 BTC was sourced from self-mining operations running roughly 89,000 ASICs at<\/p>\n","protected":false},"author":1,"featured_media":7984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1854,91,285,26,104,1984,1304,3710,2460],"class_list":{"0":"post-7983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-american","9":"tag-bitcoin","10":"tag-btc","11":"tag-hits","12":"tag-penny","13":"tag-slides","14":"tag-stock","15":"tag-territory","16":"tag-trumpbacked"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=7983\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory\" \/>\n<meta property=\"og:description\" content=\"American Bitcoin Corp holds 7,000 BTC valued at approximately US$474 million, ranking it 16th among publicly traded companies globally by Bitcoin treasury size. 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