American Bitcoin Corp. said that its Bitcoin reserves have gone over 8,000 BTC after its latest wealth update.
Summary
- American Bitcoin adds 500 BTC, boosting its economy while ABTC shares remain under pressure.
- A 1-for-15 split keeps Nasdaq compliance intact after the stock’s steep 2026 slide.
- Hut 8 mines give American Bitcoin scale, but losses still cast a shadow over its wealth growth plans.
In a July 6 post on X, the company said its Bitcoin holdings have more than tripled since its Nasdaq debut, while its satoshis-per-share metric has also nearly tripled.
BitcoinTreasuries data showed American Bitcoin holds 8,000 BTC, worth about $512 million, among publicly traded Bitcoin companies. The same tracker placed the company near the top tier of BTC public company owners, ahead of GD Culture Group and Galaxy Digital on the US list.
ABTC stock rises after reverse split
ABTC traded at $8.49 at the time of writing, up 14.1% on the day, according to Google Finance data. The stock opened at $7.98, touched an intraday high of $9.31, and fell to $7.40, with volume over 2.17 million shares.
The move followed American Bitcoin’s 1-for-15 reverse stock split. The company said that the split became effective at 5:00 pm on July 2, Class A shares will trade on the basis of the split on Nasdaq from July 6 under the same ticker of ABTC.
American Bitcoin said the split will reduce its issued shares from about 1.09 billion to about 73 million. The company said the move was intended to raise the price per share and help maintain compliance with Nasdaq’s minimum price rule.
Mining output supports wealth growth
As previously reported by crypto.news, American Bitcoin posted a loss of $81.8 million in the first half of 2026. The loss came as Bitcoin fell 22% during the quarter, resulting in a $117.2 million non-cash charge on the company’s holdings of digital assets.
The company totaled 817 BTC per quarter and reduced its cost per Bitcoin to $36,200. That’s down 23% from $46,900 in the fourth quarter of 2025. American Bitcoin also bought 803 BTC during the quarter, taking its holdings to 7,021 BTC as of March 31.
Chief executive Mike Ho defended the performance at the time. “The existing business was profitable and we didn’t sell a single coin,” he said, referring to the money paid by the market’s marketing company.
The Hut 8 link remains central to ABTC’s strategy
American Bitcoin was launched by Hut 8 and Eric Trump in March 2025. Hut 8 said at the time that the company intended to build a large pure Bitcoin miner while developing a Bitcoin storage facility.
As previously reported by crypto.news, American Bitcoin is supported by Eric Trump and Donald Trump Jr. The company built its model around mining and aggregating economies, rather than moving from mining to intelligence data centers.
The latest treasury update shows that American Bitcoin continues to add BTC despite the pressure on its share price earlier this year. The return of the company’s stock after the reverse split gives ABTC a higher trading value, but its performance remains tied to Bitcoin prices, mining costs, and investor demand for public Bitcoin treasury companies.
