Trump's Son: American Bitcoin is the 16th Largest Publicly Listed Company in Bitcoin Holdings Globally
Odaily News Eric Trump, son of Donald Trump, stated that the company's Bitcoin mining firm American Bitcoin (ABTC) achieved its strongest Bitcoin production performance since its inception in Q2 2026, with the company's Bitcoin reserves now grown to approximately 8,300 BTC. Eric Trump shared data showing ABTC's key metrics at the end of Q2 are as follows:
BTC Reserves: Approximately 8,002 BTC, up 14% quarter-over-quarter
Quarterly Mining Output: 932 BTC, up 14% quarter-over-quarter
Satoshis Per Share: 10,989 sats, up 11% quarter-over-quarter
Mining Revenue: Approximately $67 million, up 8% quarter-over-quarter
He noted that the company has maintained a gross margin of approximately 49% or above every quarter since its founding, and in Q2, selling, general, and administrative expenses (SG&A) accounted for only about 11% of revenue, sustaining an industry-leading low-cost structure.
Eric Trump stated that despite pressure in the digital asset market, ABTC still delivered a strong quarterly performance. The company has now become the 16th largest publicly listed Bitcoin-holding entity globally and has achieved rapid expansion just 11 months after going public.
The Hut 8 team has also been involved in building ABTC's related operations. The company previously disclosed that it is working to create a publicly listed company model centered on BTC asset accumulation by expanding its Bitcoin reserves and improving mining efficiency.
