Trump’s Bitcoin Empire: 6,899 BTC & Counting! (Spoiler: It’s Not Gold)

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Key Highlights

  • American Bitcoin, now 16th largest BTC hoarder, owns 6,899 BTC-just enough to out-coin Galaxy Digital by 5 coins. Impressive.
  • Eric Trump, Don Jr., and Trump Media & Tech are all in. Because nothing says “family business” like Bitcoin and Twitter bots.

American Bitcoin (ABTC), a company so Trump it’s basically a political campaign, has ascended to 16th largest corporate Bitcoin holder. Because why not turn cryptocurrency into a reality TV show?

According to the Bitcoin Treasury page, ABTC’s stash of 6,899 BTC is worth roughly $491 million. That’s 5 coins more than Galaxy Digital’s Mike Novogratz and enough to make ProCap weep into their ASIC miners. Progress!

This growth? Achieved by buying BTC on the open market (like a normal person) and mining it (like a slightly less normal person). A true twofer.

Accumulating Bitcoin through Mining

ABTC launched in March 2025 as a subsidiary of Hut 8, which somehow sounds like a place where Trump family members hide their crypto. Hut 8 owned 80%, while Eric and Don Jr. split the remaining 20%. Because nothing says “trust” like letting Trumps handle your blockchain.

Unlike other mining firms chasing AI dreams, ABTC is all-in on Bitcoin. Earlier this month, they dropped cash on 11,298 ASIC miners for their Drumheller, Alberta site. These machines will boost mining power by 12%-or about 0.3% of the entire Bitcoin network. A drop in the bucket, but hey, it’s a very expensive drop.

ABTC’s Bitcoin Purchase Strategy

Galaxy Digital, meanwhile, plays it cool with a $100M hedge fund that does “long and short” positions. Because nothing says “financial genius” like betting against crypto while holding 30% in tokens. Truly, a modern-day Scrooge McDuck.

Galaxy also runs a Texas data center for AI companies. Because nothing screams “future” like mining Bitcoin and hosting AI that might one day replace us all. Double the fun!

Broader Context

ABTC’s rise proves that even in 2025, you can still climb the Bitcoin ladder if you’ve got a last name and a mining rig. At the top? Michael Saylor’s MicroStrategy, hoarding 761k BTC like it’s Monopoly money. Others? Just peasants with 9k BTC or a Tesla. Sad!

Bitcoin itself? Trading at $71,438, down 3.9% in 24 hours. Because nothing says “investment” like a digital asset that fluctuates more than a Republican’s stance on taxes.

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2026-03-18 20:52