Donald Trump's son: American Bitcoin is the 16th largest publicly traded company in Bitcoin holdings globally
Odaily Planet Daily News: Donald Trump's son, Eric Trump, stated that his Bitcoin mining company American Bitcoin (ABTC) achieved its strongest Bitcoin production performance since its founding in the second quarter of 2026, with the company's Bitcoin reserves growing to approximately 8,300 BTC. Eric Trump released data showing ABTC's key metrics at the end of the second quarter 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 stated that the company has maintained a gross margin of approximately 49% or above every quarter since its inception, with selling, general, and administrative expenses (SG&A) accounting for only about 11% of revenue in the second quarter, sustaining an industry-leading low-cost structure.
Eric Trump said that despite pressure in the digital asset market, ABTC still delivered a strong quarterly performance. The company has now become the 16th largest publicly traded Bitcoin holding enterprise globally and has achieved rapid expansion just 11 months after going public.
The Hut 8 team has also participated in the development of ABTC-related operations. The company previously disclosed that it is building a public company model centered on BTC asset accumulation by expanding Bitcoin reserves and improving mining efficiency.
