- ABTC now holds 6,060 BTC worth about $413 million
- Shares are down roughly 45% year to date despite rising reserves
- The firm follows a “mining to treasury” strategy instead of selling BTC
Trump family-backed American Bitcoin Corp. has officially pushed its Bitcoin reserves above 6,000 BTC, placing it among the top 20 publicly listed Bitcoin holders worldwide. Blockchain data shows the company now controls 6,060 BTC, valued near $413 million at current prices. Over the past month alone, it added or mined around 217 BTC, expanding reserves even as Bitcoin struggled to firmly reclaim levels above $70,000.
That pace of accumulation isn’t random. It reflects a deliberate treasury strategy that blends mining output with direct market purchases. Instead of operating as a traditional mining company that sells production to cover costs, ABTC is positioning itself as a long-term Bitcoin accumulator.
Mining to Treasury Instead of Mining to Sell
The company has framed its model as a “mining to treasury” pipeline, which is a subtle but important shift. Most miners sell a significant portion of their BTC to fund operations, especially during volatile periods. American Bitcoin, by contrast, is choosing to retain more of its production, effectively turning operational output into long-term balance sheet exposure.
This approach mirrors the broader corporate treasury playbook pioneered by companies like Strategy, though at a smaller scale. According to public data, ABTC’s holdings are now closing in on Galaxy Digital’s 6,894 BTC stack. That proximity alone signals how serious the company is about climbing the corporate Bitcoin ranks.
Stock Performance Lags Behind Bitcoin Strategy
Despite the growing reserve, ABTC shares have had a rough stretch. The stock traded around $1.14 after Friday’s close, up slightly on the day but still down roughly 45% year to date. In early January, shares were trading above $2 before sliding as Bitcoin’s price weakened into the new year.
This divergence between reserve growth and stock price reflects broader market hesitation. Investors often punish volatility first and reward conviction later, if at all. For now, ABTC’s equity performance suggests that shareholders are still waiting for clearer upside in Bitcoin itself.
Bitcoin Yield and Macro Tailwinds Add Context
Earlier this year, American Bitcoin reported reserves near 5,843 BTC and highlighted a Bitcoin yield of about 116% since its Nasdaq debut in September 2025 through late January 2026. That metric tracks growth in holdings from mined or purchased coins, excluding capital raises. In other words, it measures accumulation efficiency, not just fundraising power.
Meanwhile, Bitcoin recently rebounded above $70,000 following cooler-than-expected U.S. inflation data, which strengthened expectations of potential Federal Reserve rate cuts. Risk appetite improved, crypto markets lifted, and Bitcoin’s market cap moved back above $1.4 trillion. If macro conditions continue to ease, companies like ABTC could benefit disproportionately, especially if their strategy remains focused on stacking rather than selling.
