American Bitcoin (ABTC), a mining and treasury company tied to the Trump family, now holds more bitcoin $BTC$74,191.24 than Mike Novogratz’s Galaxy Digital (GLXY).
The firm owns 6,899 $BTC, worth about $491 million, edging previous Galaxy’s 6,894 $BTC to develop into the 16th ideal public holder of the asset, per recordsdata from BitcoinTreasuries.earn.
The shift highlights how more recent entrants continue to climb the rankings as corporations compete to accomplish huge bitcoin reserves. At the head stays Michael Saylor’s Strategy (MSTR) with 761,068 $BTC. It’s followed by Marathon Digital (MARA) and Jack Mallers’ Twenty One Capital. Other significant holders encompass Bullish (BLSH), CoinDesk’s parent firm, Coinbase (COIN) and Tesla (TSLA).
American Bitcoin’s upward push additionally underscores the rising role of Trump-affiliated entities available in the market. Trump Media & Technology (DJT), the firm linked to U.S. President Donald Trump, holds 9,542 $BTC.
American Bitcoin, formed in March 2025 when Hut 8 (HUT) launched it as a majority-owned subsidiary furious by huge-scale mining and preserving bitcoin on its stability sheet. Hut 8 held an 80% stake at inaugurate, with the final 20% owned by traders in conjunction with Eric Trump and Donald Trump Jr.
Not like some mining corporations which get begun shifting sources against synthetic intelligence infrastructure, American Bitcoin has doubled down on mining. In March 2026, it sold 11,298 ASIC miners for its Drumheller, Alberta space. The machines are expected to steal its skill by about 12% and add 3.05 exahashes per 2d, or roughly 0.3% of the global community’s computing energy.
Bitcoin currently traded at $71,092, down 4% over the day gone by.
