Trump-backed American Bitcoin becomes top 30 global BTC holder

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Yaroslav Dmytrenko

28.10.2025

Trump-backed American Bitcoin becomes top 30 global BTC holder — American Bitcoin expands holdings to 3,865 BTC amid rapid growth

Trump family–backed company American Bitcoin has announced the acquisition of 1,414 BTC, pushing its total Bitcoin holdings to 3,865 BTC, valued at approximately $445 million at current prices. This move positions the firm as the 26th-largest public Bitcoin holder worldwide.

According to Cryptopolitan, American Bitcoin’s reserves have been accumulated through both mining and strategic acquisitions, including BTC held as collateral by miners under an agreement with Bitmain.

The company’s rapid growth began earlier this year when Hut 8 launched its U.S. mining division as a standalone public entity. At the time of the spin-off, American Bitcoin held roughly 500 BTC, but expanded its reserves by purchasing 1,726 BTC between July and August for about $205 million.

These assets were provided by Bitmain as collateral for an order of 16,299 Antminer U3S21EXPH units worth $314 million. The new devices will be hosted at Hut 8’s Vega facility in Texas, a 400 MW site that will help American Bitcoin reach a hash rate of 25 EH/s.

“By producing Bitcoin directly, we can lower our average cost per coin, giving us a pricing edge over firms that rely solely on market purchases,” said Asher Genoot, Executive Chairman of American Bitcoin. “This structural advantage enhances Bitcoin-per-share value for our investors.”

Earlier this year, American Bitcoin Corp. merged with Gryphon Digital Mining, creating what they describe as one of the most efficient Bitcoin mining companies in the industry. Through a stock-swap merger, Gryphon shareholders now hold about 2% of the new entity, while American Bitcoin shareholders retain 98%.

Transparency and efficiency as core values

The company emphasizes transparency in investor reporting and has introduced a new metric: Satoshis per Share (SPS) — the number of Bitcoin satoshis represented by each common share. This measure gives investors clearer visibility into their indirect Bitcoin ownership.

As of the latest update, American Bitcoin reported 418 SPS, a 52% increase since September 1, 2025.

“We believe one of the most important success indicators is how much Bitcoin each share represents,” said Eric Trump, Co-founder and Chief Strategy Officer. “We’re committed to transparency and to steadily increasing our Bitcoin holdings.”

To calculate SPS, the company multiplies its total Bitcoin balance by 100,000,000 (satoshis per BTC) and divides by the total number of outstanding common shares.

As we wrote, Michael Saylor comments on American Bitcoin launch Eric and Donald Trump Jr.

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