Trump-Backed ABTC Vaults Past 8,000 BTC in Treasury

ABTC, the Trump-backed American Bitcoin company, has surpassed 8,000 BTC in its treasury, marking a nearly 50% gain over six months. The total now stands at approximately 8,000 BTC, a significant increase from the 5,401 BTC held at the end of 2025.

The growth is attributed to both mining production and treasury purchases. In Q1 2026, ABTC mined 817 BTC and added 1,620 BTC to its reserve, resulting in a 30% rise over three months. This pace has continued into the summer.

The company's mining capacity has also increased, with the deployment of 11,298 ASIC miners at its site in Drumheller, Alberta, boosting capacity by 12% and adding 3.05 EH/s. The cost to mine a single BTC fell to around $36,200 in Q1, a drop of 23% from the prior quarter's $46,900.

ABTC reported a net loss of $81.8 million for Q1 on revenue of $62.1 million, reflecting a broader crypto market decline and heavy spending behind its expansion. The company has undergone a reverse stock split, with shares trading on an adjusted basis since July 6.