American Bitcoin (ABTC), a mining and financial company with ties to the Trump family, now holds more Bitcoin Than Mike Novogratz’s Galaxy Digital (GLXY).
According to BitcoinTreasuries.net, 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.
The shift highlights how new entrants continue to climb the rankings as companies race to build large Bitcoin reserves. Topping the list is Michael Saylor’s strategy (MSTR) with 761,068 BTC. It was followed by Marathon Digital (MARA) and Jack Mallers’ Twenty One Capital. Other major holders include CoinDesk parent Bullish (BLSH), Coinbase (COIN) and Tesla (TSLA).
The rise of Bitcoin in the United States also highlights the growing role of Trump-affiliated entities in the market. Trump Media Technologies (DJT), which has ties to US President Donald Trump, holds 9,542 Bitcoin.
American Bitcoin was founded in March 2025 when Hut 8 (HUT) was established as a holding subsidiary focused on large-scale mining and holding Bitcoin on its balance sheet. Hut 8 held an 80% stake at launch, with investors including Eric Trump and Donald Trump Jr. holding the remaining 20%.
Unlike some mining companies that have begun shifting resources toward artificial intelligence infrastructure, U.S. Bitcoin is doubling down on mining. In March 2026, it purchased 11,298 ASIC mining machines for its site in Drumheller, Alberta. The machines are expected to increase their capacity by about 12%, adding 3.05 exahash per second, or about 0.3% of the global network’s computing power.
Bitcoin recently traded at $71,092, down 4% from the past day.
