American Bitcoin Corp. Surpasses 7,000 BTC Reserve Milestone

American Bitcoin Corp., a cryptocurrency mining company backed by Hut 8, has achieved a significant milestone in its reserve growth. As of March 2026, the company's holdings have surpassed 7,000 BTC, valued at approximately $473 million to $475 million based on current bitcoin prices.

The company's reserve has grown steadily over the past few months, with ABTC crossing 6,000 BTC in mid-February and reaching around 6,899 BTC by mid-March. The remaining two-thirds of its holdings come from strategic open-market purchases.

ABTC operates a large mining fleet, running approximately 89,000 ASICs at a hashrate of 28.1 EH/s. About one-third of its holdings are derived from self-mining operations. Despite the significant growth in its reserve, ABTC shares have declined substantially since their peak near $9 in late 2025.