- American Bitcoin expanded its treasury to more than 7,300 BTC worth roughly $592 million
- The company mined and purchased nearly 1,600 Bitcoin during Q1 2026 alone
- Mining efficiency improved sharply even as Bitcoin prices declined during the quarter
American Bitcoin Corp. is rapidly becoming one of the biggest corporate Bitcoin holders in the market, and the pace of accumulation is honestly pretty aggressive. According to co-founder Eric Trump, the Nasdaq-listed mining company now holds more than 7,300 BTC, valued at around $592 million at current prices.
That stash officially places American Bitcoin as the 16th largest corporate Bitcoin holder globally, a surprisingly fast climb considering the company only began accumulating BTC back in mid-2025. Even through a rough market environment where Bitcoin prices dropped around 22% quarter over quarter, the company kept buying anyway.
Bitcoin Production And Purchases Accelerated
During the first quarter of 2026, American Bitcoin produced around 817 BTC through mining operations, marking its strongest quarterly production period so far. On top of that, the company strategically acquired another 803 Bitcoin directly, pushing total reserve growth close to 1,600 BTC in a single quarter.
That level of accumulation stands out because many mining firms tend to slow purchases during weaker price action. American Bitcoin, though, appears to be leaning into the downturn instead of backing away from it.
The company also reported that satoshis per share climbed roughly 20% to around 663, showing Bitcoin reserves grew faster than share dilution. That’s a metric Bitcoin-focused investors tend to watch closely because it reflects whether shareholder exposure to BTC is actually improving over time.
Mining Costs Dropped While Efficiency Improved
One of the more important details hidden inside the report was the sharp decline in mining costs. American Bitcoin reduced the average cost to mine each BTC to around $36,000, down approximately 23% from the previous quarter.
That improvement helped the company maintain strong mining gross margins near 52%, even while Bitcoin prices weakened significantly throughout the quarter. Operational efficiency, fleet upgrades, and tighter cost controls all appear to be helping offset broader market pressure.
Revenue still declined to around $62 million compared to $78 million in Q4 2025, though the drop was tied mostly to weaker Bitcoin pricing rather than lower mining output. The company ultimately posted a net loss of approximately $82 million for the quarter.
The Mining Expansion Is Still Growing Fast
American Bitcoin also continued expanding its infrastructure footprint aggressively during the quarter. The company increased its owned mining fleet to roughly 89,242 miners, bringing total capacity to around 28.1 EH/s, up roughly 12% from the prior quarter.
At its Drumheller facility, the company energized additional infrastructure and deployed around 3.05 EH/s worth of next-generation mining equipment. Following deployment, operational hashrate climbed to roughly 25 EH/s, reinforcing the company’s push toward larger-scale industrial mining operations.
Even with market volatility still hanging over crypto, American Bitcoin seems focused on one thing above everything else — accumulating as much BTC as possible while scaling mining capacity before the next major cycle fully kicks in.
