American Bitcoin stock rose 7% as of press time on the same day the company announced its bitcoin reserves exceeded 8,000 BTC, an increase of nearly 50% from approximately 5,401 BTC at the end of 2025; ABTC's bitcoin holdings once surpassed Galaxy Digital. ABTC is a controlled subsidiary of Hut 8 Corp, backed by the Trump family.
Bitcoin Reserves Exceed 8,000 BTC, Growing Nearly 50% in Six Months
(Source: ABTC Announcement)
According to ABTC's announcement, its bitcoin reserves have exceeded 8,000 BTC, an increase of nearly 50% from approximately 5,401 BTC at the end of 2025. ABTC's reserve growth comes from a dual approach of mining output and market purchases: in Q1 2026, it mined 817 BTC and added 1,620 BTC to reserves, growing approximately 30% in three months, a pace that continued into the summer.
The company stated that its bitcoin holdings once surpassed Galaxy Digital; since its Nasdaq listing, both bitcoin reserves and per-share bitcoin value have nearly tripled.
Q1 2026 Operational Data: Mining Cost Drops to $36,200
According to ABTC's financial report, key operating metrics for Q1 2026 are as follows:
Q1 Bitcoin Mined: 817 BTC
Q1 Additions to Reserves: 1,620 BTC (including mining and purchases)
Q1 Mining Cost: Approximately $36,200 per BTC (down about 23% from $46,900 in the previous quarter)
March Miner Deployment: Deployed 11,298 ASIC miners at the Drumheller, Alberta, Canada site, increasing hashrate by approximately 3.05 EH/s (an increase of about 12%)
Q1 Net Loss: $81.8 million
Q1 Revenue: $62.1 million
1:15 Reverse Stock Split Effective July 2
According to ABTC's official announcement, the 1:15 reverse stock split became effective at 5:00 p.m. on July 2, 2026, and ABTC shares began trading at the split-adjusted price from July 6, 2026; the measure was approved by shareholders at the annual general meeting on June 22.
ABTC Positions as Pure Bitcoin Accumulation Platform, Not Transitioning to AI Data Centers
According to reports, ABTC's strategy stands in stark contrast to some peers in the bitcoin mining industry: many mining companies are choosing to shift resources toward AI data centers, while ABTC is doubling down on bitcoin mining and asset accumulation, tying its business fate closely to the price of the bitcoin assets it accumulates.
ABTC is a controlled subsidiary of Hut 8 Corp, backed by the Trump family. Co-founder Eric Trump described the growth as "steady and massive." This structure allows public investors to gain exposure to mining output as well as a share of the growing bitcoin reserves.
Frequently Asked Questions
How much bitcoin does ABTC currently hold, and how much has it grown since the end of last year?
According to ABTC's announcement, its bitcoin reserves have exceeded 8,000 BTC, an increase of nearly 50% from approximately 5,401 BTC at the end of 2025; in Q1 2026, it grew about 30% in three months, with the growth rate continuing into the summer.
When did ABTC's 1:15 reverse stock split take effect?
According to ABTC's official announcement, the 1:15 reverse stock split took effect at 5:00 p.m. on July 2, 2026, and ABTC shares began trading at the split-adjusted price from July 6, 2026; the measure was approved by shareholders at the annual general meeting on June 22.
What was ABTC's financial performance in Q1 2026?
According to ABTC's financial report, Q1 2026 net loss was $81.8 million, revenue was $62.1 million; Q1 mining cost dropped to approximately $36,200 per BTC, down about 23% from $46,900 in the previous quarter.
