American Bitcoin Corp. (NASDAQ: ABTC), a Nasdaq-listed company co-founded by Eric Trump and Donald Trump Jr., announced it acquired 416 additional bitcoins for approximately $38 million at an average price of $91,346 per BTC.
This purchase brings the firm’s total holdings to 4,783 BTC, valued at roughly $440 million based on Bitcoin’s spot price near $92,000. The move propels American Bitcoin ahead of GameStop Corp. (GME) on the list of public companies holding Bitcoin treasuries, securing the 22nd position globally, and underscores the ongoing trend of corporate adoption amid supportive U.S. policy under President Trump’s administration.
Details of the 416 BTC Acquisition
American Bitcoin Corp., which went public via SPAC merger in June 2025, funded the purchase through a combination of cash reserves and a $50 million at-the-market equity offering completed last month. The acquisition was disclosed in an SEC Form 8-K filing, emphasizing the firm’s strategy of accumulating BTC as a core treasury reserve to hedge against inflation and fiat volatility. At the time of purchase, BTC traded between $91,000 and $92,500, reflecting a 1.2% daily gain amid anticipation for the Federal Reserve’s December rate decision.
This marks the company’s fourth BTC buy in Q4 2025, following purchases of 1,200 BTC in October and 850 BTC in November, bringing its year-to-date acquisitions to over 3,500 BTC. The firm’s average cost basis now stands at approximately $65,000 per BTC, yielding about 41% unrealized gains.
- Acquired 416 BTC for $38 million at $91,346 average price
- Total holdings: 4,783 BTC, valued at $440 million (at $92,000/BTC)
- Funding: Cash + $50 million equity raise
- YTD buys: +3,500 BTC; average cost $65,000 (41% unrealized gains)
- Disclosure: SEC Form 8-K; no immediate stock impact (ABTC +0.8% intraday)
How American Bitcoin Now Ranks 22nd Among Public BTC Holders
With this addition, American Bitcoin surpasses GameStop’s 4,710 BTC holdings (valued at $433 million), claiming the 22nd spot on the Bitcoin Treasuries index, which tracks over 150 public companies globally. The top ranks remain dominated by MicroStrategy (660,624 BTC, #1), Marathon Digital Holdings (18,500 BTC, #2), and Tesla (9,720 BTC, #3), but the list has expanded rapidly since early 2023, when public corporate reserves totaled under 300,000 BTC. Today, these entities collectively hold over 1.05 million BTC—about 5% of the circulating supply—up 250% in two years.
This growth reflects a broader corporate embrace of Bitcoin as “digital gold,” with firms like Semler Scientific and Metaplanet adding treasuries for balance sheet diversification. American Bitcoin’s rise aligns with the Trump family’s involvement: The company, focused on BTC mining and custody services, benefits from President Trump’s pro-crypto stance, including the proposed Strategic Bitcoin Reserve.
- New rank: #22 (ahead of GameStop’s 4,710 BTC)
- Top holders: MicroStrategy (660K BTC), Marathon (18.5K), Tesla (9.7K)
- Total public reserves: 1.05M BTC (5% supply, +250% since 2023)
- American Bitcoin focus: Mining ops + BTC custody; public via SPAC June 2025
- Family ties: Co-founded by Eric/Donald Jr.; leverages Trump admin policies
Broader Trends in Corporate Bitcoin Accumulation
Since Q1 2023, public companies have accelerated BTC buys, driven by inflation hedging, yield generation (via lending), and regulatory clarity from the GENIUS Act. Reserves surged from 300,000 BTC to 1.05 million, with U.S. firms holding 60% of the total—up from 40% in 2024. This “corporate HODL” provides price floors during dips, as seen in December’s defense at $91,000 amid Fed hawkishness.
American Bitcoin’s strategy fits this pattern: Beyond holding, it offers BTC-backed credit products and mining services, generating revenue while accumulating. The Trump connection amplifies visibility, tying into ventures like Trump Media & Technology Group (DJT), which holds 500 BTC for content tokenization.
- Growth driver: Inflation hedge + GENIUS Act clarity
- U.S. dominance: 60% of public reserves (630K BTC)
- Revenue models: BTC lending yields 3-5%; mining ops
- Trump synergy: Aligns with admin’s crypto push (e.g., reserve proposal)
- Market impact: Reduces liquid supply; stabilizes volatility
Future Outlook for American Bitcoin and Corporate Treasuries
Analysts project American Bitcoin could reach 10,000 BTC by mid-2026, targeting top-15 status via quarterly buys funded by $100 million in planned raises. ABTC stock, trading at $12.50 (up 120% YTD), trades at a 1.1x premium to its BTC NAV, reflecting confidence in execution. Broader sector: Expect 1.5 million BTC in public hands by 2027, with DeFi integrations (e.g., BTC-collateralized loans) boosting yields.
As BTC eyes $100,000 year-end, corporate accumulation remains a key bullish factor, blending traditional balance sheets with blockchain resilience.
American Bitcoin Corp’s 416 BTC buy to 4,783 total solidifies its #22 rank among public holders, exemplifying 2025’s corporate crypto surge amid policy support.
For treasury trackers, monitor SEC filings and BitcoinTreasuries.net for updates. Secure wallets and compliant platforms are essential in this evolving landscape.
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