American Bitcoin (ABTC), a mining and treasury company linked to the Trump family, now owns more bitcoins than Mike Novogratz’s Galaxy Digital (GLXY).
The company holds 6,899 BTC, worth approximately $491 million, surpassing Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net.
The change highlights how new entrants continue to climb the ranks as companies compete to build large reserves of bitcoin. At the top remains Michael Saylor’s (MSTR) strategy with 761,068 BTC. Marathon Digital (MARA) and Jack Mallers’ Twenty One Capital follow. Other major holders include Bullish (BLSH), CoinDesk’s parent company, Coinbase (COIN), and Tesla (TSLA).
The rise of US Bitcoin also underscores the growing role of Trump-affiliated entities in the market. Trump Media & Technology (DJT), the company linked to US President Donald Trump, owns 9,542 BTC.
American Bitcoin, formed in March 2025 when Hut 8 (HUT) launched it as a majority-owned subsidiary focused on large-scale mining and holding bitcoin on its balance sheet. Hut 8 had an 80% stake at the time of launch, with the remaining 20% owned by investors such as Eric Trump and Donald Trump Jr.
Unlike some mining companies that have begun diverting resources toward artificial intelligence infrastructure, American Bitcoin has doubled down on mining. In March 2026, it purchased 11,298 ASIC miners for its site in Drumheller, Alberta. The machines are expected to increase their capacity by about 12% and add 3.05 exahashes per second, or about 0.3% of the global network’s computing power.
Bitcoin recently traded at $71,092, down 4% from the previous day.
