American Bitcoin (ABTC), a mining and treasury company linked to the Trump family, now holds more bitcoins as the Galaxy Digital (GLXY) from Mike Novogratz.
The company owns 6,899 BTC, worth around $491 million, surpassing Galaxy’s 6,894 BTC to become the 16th largest public holder of the asset, according to data from BitcoinTreasuries.net.
This change highlights how new entrants continue to climb the rankings as companies compete to build large Bitcoin reserves. In the lead is the strategy of Michael Saylor (MSTR) with 761,068 BTC. It is followed by Marathon Digital (MARA) and Twenty One Capital by Jack Mallers. Other major holders include CoinDesk parent Bullish (BLSH), Coinbase (COIN), and Tesla (TSLA).
The rise of US Bitcoin also highlights the growing role of Trump-affiliated entities in the market. Trump Media & Technology (DJT), the company linked to US President Donald Trump, holds 9,542 BTC.
American Bitcoin, established 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 in the launch, with the remaining 20% held by investors including Eric Trump and Donald Trump Jr.
Unlike some mining companies that have begun to shift their resources toward artificial intelligence infrastructure, American Bitcoin has doubled down on its mining activity. In March 2026, it purchased 11,298 ASIC miners for its Drumheller, Alberta site. 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% over the past day.
