Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins
Yahoo Finance·2026-01-27 13:34

Core Insights - American Bitcoin has increased its bitcoin reserves to approximately 5,843 BTC, positioning it among the largest corporate holders of the cryptocurrency globally [1][2] - The company achieved a bitcoin yield of roughly 116% from its Nasdaq debut on September 3, 2025, through January 25, 2026, indicating effective accumulation during a volatile crypto market [1][2] - American Bitcoin is now the 18th-largest corporate holder of bitcoin, surpassing companies like Nakamoto Inc. and GameStop Corp. [2] Company Performance - Shares of American Bitcoin rose about 2% in premarket trading, although the stock is down approximately 11% year-to-date due to macroeconomic conditions and bitcoin price fluctuations [3] - The company reported a return to profitability in its Q3 2025 earnings, with a significant increase in revenue attributed to expanded mining capacity and higher bitcoin prices earlier in the cycle [5] - Since its Q3 earnings report, American Bitcoin's bitcoin holdings have increased by over 1,800 coins, rising from just over 4,000 BTC [5] Strategic Positioning - The growth in bitcoin reserves reflects a trend among publicly listed miners to treat bitcoin as a long-term asset rather than a source of immediate liquidity [6] - This strategy is gaining traction despite bitcoin trading below recent highs and a broader market shift towards precious metals and bonds [6] - American Bitcoin's increasing reserves provide insight into how mining firms are managing their balance sheets in a post-ETF, institution-heavy bitcoin market [6]

Trump family-backed American Bitcoin lifts bitcoin holdings to nearly 5,900 coins - Reportify