Tuesday, July 7, 2026
No Result
View All Result
Blockchain 24hrs
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
No Result
View All Result
Blockchain 24hrs
No Result
View All Result

Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC

Home Bitcoin
Share on FacebookShare on Twitter


American Bitcoin Corp (Nasdaq: ABTC) has moved its treasury previous 8,000 bitcoin, the corporate stated. The overall marks a climb from about 5,401 BTC on the finish of 2025, a achieve of near 50% throughout six months.

The corporate, a majority-owned subsidiary of Hut 8 Corp and backed by the Trump household, stated its bitcoin reserve and its bitcoin-per-share have grown near threefold since its Nasdaq debut. Co-founder Eric Trump has framed the expansion as disciplined and huge in scale.

American Bitcoin builds its stack by means of two channels: mining manufacturing and treasury purchases. Within the first quarter of 2026, the agency mined 817 BTC and added 1,620 BTC to its reserve, an increase of about 30 % in three months. That tempo has carried into the summer season.

Mining capability has grown to match the treasury ambitions. In March, the corporate deployed 11,298 ASIC miners at its website in Drumheller, Alberta, a transfer that lifted capability by about 12 % and added 3.05 EH/s. The price to mine a single bitcoin fell to about $36,200 within the first quarter, a drop of 23 % from $46,900 within the prior quarter.

The monetary image stays combined. American Bitcoin reported a internet lack of $81.8 million for the primary quarter on income of $62.1 million, a consequence that displays a wider crypto market decline and the heavy spending behind its enlargement.

JUST IN: 🇺🇸 Eric Trump’s ‘American Bitcoin’ will increase their Bitcoin holdings by 500 BTC 👀

They now personal over 8000 BTC! 🚀 pic.twitter.com/KEn8AlOSuq

— Bitcoin Journal (@BitcoinMagazine) July 6, 2026

American Bitcoin’s reverse inventory cut up

The corporate additionally reshaped its share construction. A 1-for-15 reverse inventory cut up took impact at 5:00 p.m. on July 2, with shares buying and selling on a split-adjusted foundation from July 6. Shareholders accepted the measure on the annual assembly on June 22.

The technique units American Bitcoin other than a phase of the mining trade that has shifted assets towards artificial-intelligence knowledge facilities. Fairly than pivot, the agency has doubled down on bitcoin mining and treasury accumulation, a wager that ties its fortunes to the worth of the asset it collects.

At greater than 8,000 BTC, American Bitcoin ranks among the many bigger company holders of the asset, and its stack has, at factors, surpassed that of Galaxy Digital. 

The corporate positions itself as a pure-play bitcoin accumulation platform, a construction that provides public traders publicity to each mining output and a rising reserve.

Whether or not the mannequin rewards shareholders relies on the trail of bitcoin and the self-discipline of the corporate’s spending. For the second, the treasury retains its climb.

Shares of ABTC have been up 7% at time of writing. 





Source link

Tags: ABTCAmericanBitcoinBTCPushesTreasuryTrumpBacked
Previous Post

Trump Bitcoin Conference Keynote Puts Crypto Policy Back In The Political Spotlight

Next Post

BofA warns of equity snapback as Polymarket puts Sept Fed hold at 69.5%

Related Posts

Chainlink CCIP Integration Gives WEMIX A Safer Route For Cross-Chain Gaming Assets
Bitcoin

Chainlink CCIP Integration Gives WEMIX A Safer Route For Cross-Chain Gaming Assets

July 7, 2026
Peter Schiff Warns Strategy’s 840K Bitcoin Holdings Could Bring ‘Much Greater’ Losses
Bitcoin

Peter Schiff Warns Strategy’s 840K Bitcoin Holdings Could Bring ‘Much Greater’ Losses

July 7, 2026
Trump Bitcoin Conference Keynote Puts Crypto Policy Back In The Political Spotlight
Bitcoin

Trump Bitcoin Conference Keynote Puts Crypto Policy Back In The Political Spotlight

July 7, 2026
RGB And UTEXO Enable Private Lightning Settlements
Bitcoin

RGB And UTEXO Enable Private Lightning Settlements

July 6, 2026
Cardano Node 9.0.0 Release Puts Chang Hard Fork In The Final Stretch
Bitcoin

Cardano Node 9.0.0 Release Puts Chang Hard Fork In The Final Stretch

July 6, 2026
Cardano Whales Accumulate as 14,783 New Wallets Join Post-Selloff
Bitcoin

Cardano Whales Accumulate as 14,783 New Wallets Join Post-Selloff

July 6, 2026
Next Post
BofA warns of equity snapback as Polymarket puts Sept Fed hold at 69.5%

BofA warns of equity snapback as Polymarket puts Sept Fed hold at 69.5%

Vitalik Buterin Unveils 3-4 Year Plan to Rebuild Ethereum

Vitalik Buterin Unveils 3-4 Year Plan to Rebuild Ethereum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Instagram Youtube RSS
Blockchain 24hrs

Blockchain 24hrs delivers the latest cryptocurrency and blockchain technology news, expert analysis, and market trends. Stay informed with round-the-clock updates and insights from the world of digital currencies.

CATEGORIES

  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Blockchain Justice
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Web3

SITEMAP

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$63,199.000.71%
  • ethereumEthereum(ETH)$1,773.110.27%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$577.97-0.29%
  • usd-coinUSDC(USDC)$1.000.00%
  • rippleXRP(XRP)$1.12-1.58%
  • solanaSolana(SOL)$80.970.54%
  • tronTRON(TRX)$0.3303911.10%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.04-0.52%
  • HyperliquidHyperliquid(HYPE)$71.321.26%
No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoins
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Blockchain Justice
  • Analysis
Crypto Marketcap

Copyright © 2024 Blockchain 24hrs.
Blockchain 24hrs is not responsible for the content of external sites.