President Trump’s second son, Eric Trump, announced on March 18 that his company, American Bitcoin, has increased its Bitcoin holdings to approximately 6,899 coins, surpassing Galaxy Digital to become the 16th largest publicly traded Bitcoin company in the world. This recent increase of about 399 BTC comes two weeks after the last update (around 6,500 coins).
Core Driver Behind Rapid Growth in Holdings: Mining Takes Priority Over Market Purchases
(Source: Bitcoin Treasuries)
Unlike purchasing-focused Bitcoin bond companies such as MicroStrategy, American Bitcoin’s accumulation mainly relies on industrial-scale mining rather than direct market purchases. The company’s core logic is to accumulate Bitcoin through mining at costs below spot prices, creating a competitive advantage in overall cost structure.
To strengthen this strategy, American Bitcoin recently purchased an additional 11,298 ASIC miners, further expanding its mining capacity. When announcing that it had surpassed Galaxy Digital, Eric Trump stated, “We are the 16th largest publicly traded Bitcoin company in the world! No other company has climbed the ladder faster than us.”
American Bitcoin’s Corporate Structure and Eric Trump’s Role
Founded in March 2025, American Bitcoin is a majority-owned subsidiary of Bitcoin mining company Hut 8. It was established as a joint venture between Hut 8 and American Data Centers, a company owned by Eric Trump, focusing on industrial-scale Bitcoin mining and strategic reserve development. Eric Trump serves as co-founder and Chief Strategy Officer, directly influencing the company’s strategic direction.
Trump Family’s Bitcoin Portfolio: Over 16,000 BTC Combined
The increase in American Bitcoin’s holdings is part of a broader crypto strategy by the Trump family. According to Bitcoin treasury tracking data, the main publicly traded Bitcoin holdings related to the Trump family are as follows:
American Bitcoin (Rank 16): approximately 6,899 BTC, valued at about $492 million, mainly accumulated through mining.
Trump Media & Technology Group (Rank 13): approximately 9,500 BTC, with President Trump holding a majority stake, operating Truth Social.
Together, these two companies hold over 16,000 BTC, making the Trump family one of the most significant institutional Bitcoin holders globally.
Frequently Asked Questions
What is American Bitcoin, and what is its relationship with Eric Trump?
American Bitcoin is a majority-owned subsidiary of Bitcoin mining company Hut 8, established through a joint venture between Hut 8 and Eric Trump’s American Data Centers in March 2025. Its core business focuses on industrial-scale mining and strategic Bitcoin reserves. Eric Trump is a co-founder and Chief Strategy Officer.
How does American Bitcoin’s holdings strategy differ from companies like Strategy?
American Bitcoin primarily accumulates Bitcoin through mining rather than direct market purchases, aiming to acquire BTC at costs below spot prices. The company recently purchased 11,298 ASIC miners to expand capacity, with current holdings around 6,899 BTC valued at approximately $492 million.
How does the Trump family’s company ranking in global Bitcoin holdings compare?
As of the latest data, American Bitcoin ranks 16th globally with about 6,899 BTC, and Trump Media & Technology Group ranks 13th with about 9,500 BTC. Combined, they hold over 16,000 BTC.
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