Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly
Key Developments in Bitcoin Holdings
Trump-backed American Bitcoin has expanded its Bitcoin holdings to nearly 7,000 BTC, marking a significant growth in its corporate treasury. This development follows a rapid increase in holdings since its listing on Nasdaq, with some reports indicating a three-fold growth in Bitcoin reserves.
Recent Updates and Reports
- As of March 30, 2026, a report on CoinDesk confirms that Trump-backed American Bitcoin has reached 7,000 BTC, with satoshis per share climbing past 660, reinforcing the rapid expansion of its treasury.
- A Facebook post from PiNewsMedia, published two hours ago, states that Eric Trump’s American Bitcoin now holds 7,000 Bitcoin, valued at approximately $475 million.
- Earlier reports from February 19, 2026, indicate that American Bitcoin Corp. had increased its holdings to 6,039 BTC, placing it among the elite corporate crypto holders.
- On March 18, 2026, American Bitcoin holdings were reported to have risen to 6,899 BTC, with the value reaching nearly $490 million at a price of $71,000 per Bitcoin.
Background and Context
American Bitcoin is a bitcoin mining company backed by the Trump family. Its expansion in Bitcoin reserves reflects growing interest in digital assets among prominent figures and corporations. The company has consistently reported increases in its holdings, with recent figures surpassing 6,000 BTC and approaching 7,000 BTC.