American Bitcoin (ABTC) tops Galaxy as BTC treasury hits 6,899
American Bitcoin (ABTC), a Trump-linked bitcoin miner, increased its Bitcoin treasury to 6,899 BTC (about $491m), narrowly overtaking Galaxy Digital’s 6,894 BTC. Data from BitcoinTreasuries.net puts ABTC as the 16th-largest public bitcoin holder.
The latest buildout adds to the “bitcoin treasury” race. ABTC was launched in March 2025 via Hut 8 (HUT) with an 80% stake, and it has kept expanding mining instead of shifting toward AI infrastructure. In March 2026, it ordered 11,298 ASIC miners for its Drumheller, Alberta site, targeting ~12% more capacity and +3.05 EH/s (around 0.3% of global hashrate).
Overall corporate leadership remains unchanged: Strategy (MSTR) holds 761,068 BTC, while other referenced public holders include MARA, Twenty One Capital, Bullish (BLSH), COIN, TSLA, and Trump Media & Technology (DJT) with 9,542 BTC.
BTC trades near $71,092 and is down ~4% on the day. For traders, continued ABTC accumulation is sentiment-positive and may slightly reduce miner sell pressure, but short-term BTC price action is still likely driven by macro and broader risk appetite.
Bullish
The news is incrementally bullish for BTC because ABTC is adding to its Bitcoin treasury and has moved up in the public holder rankings, which can improve sentiment and slightly reduce sell-side pressure from miners. It also signals that corporate BTC demand is broadening beyond the largest incumbents (e.g., MSTR) and is being backed by ongoing mining capacity expansion.
However, the impact is unlikely to be strong in the short term: ABTC’s actions support the medium-term “digital gold” narrative, but the article notes BTC’s day-to-day price is still largely driven by macro conditions and overall risk appetite. So traders may view it as supportive, not a standalone catalyst for a sustained move.