"American Bitcoin Corp. (Nasdaq: ABTC), a Trump family-backed mining platform, has expanded its Bitcoin holdings to 3,865 bitcoin, adding 1,414 bitcoin since September through a combination of mining production and secondary market purchases. The Miami-based firm, which describes itself as "America's Bitcoin infrastructure backbone," said the latest accumulation includes coins held in custody and those pledged for miner purchases under its ongoing procurement deal with Bitmain."
"The update continues a rapid expansion trajectory that began earlier this year when Hut 8 spun out its U.S. mining arm as a separate, publicly traded entity. American Bitcoin initially held around 500 BTC at the time of the carve-out, then purchased another 1,726 BTC between July and August for approximately $205 million. Those holdings were pledged to Bitmain as collateral for a $314 million order of 16,299 Antminer U3S21EXPH units - nearly the full 15 EH/s option under the companies' strategic supply agreement."
American Bitcoin Corp expanded total holdings to 3,865 BTC, growing by 1,414 BTC since September through mining output and secondary-market purchases. The holdings include coins held in custody and coins pledged as collateral under a procurement deal with Bitmain. The company began as a carve-out from Hut 8, initially holding about 500 BTC, then bought 1,726 BTC for roughly $205 million in July–August. Those holdings secured a $314 million order for 16,299 Antminer units, nearly the full 15 EH/s option, with many machines to be hosted at a 400-megawatt Texas site targeting 25 EH/s proprietary hashrate. The integrated mining model aims to lower average cost per Bitcoin versus treasury-style vehicles, and shares have shown volatility around the September debut.
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