American Bitcoin Treasury Tops 8,000 BTC Amid Turmoil
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United States — American Bitcoin Corp reported its treasury has moved past 8,000 BTC after a series of mining gains and treasury purchases, the company said this week. The firm disclosed in early July that its satoshis-per-share and total reserve grew roughly threefold since its Nasdaq debut, and it completed a 1-for-15 reverse stock split in early July.
The reverse split took effect between July 2 and July 6, and shares plunged more than 23% on July 8 amid a year-to-date decline nearing 67%, according to market data. ABTC reported Q1 mining output and deployed additional ASIC miners in March; investors and analysts will monitor leverage arrangements using Bitcoin as collateral, liquidity metrics, and subsequent trading sessions this month.
Timeline
- 1. October 2025: Bitcoin peaks above $126,000, setting a prior market high.
- 2. End of 2025: American Bitcoin reported roughly 5,401 BTC in treasury.
- 3. Q1 2026 (reported): ABTC mined 817 BTC and added 1,620 BTC to reserve.
- 4. March 2026: Deployment of 11,298 ASIC miners in Drumheller increased capacity by ~3.05 EH/s.
- 5. July 2–8, 2026: 1-for-15 reverse split announced/effective; treasury surpasses 8,000 BTC reported July 6; shares plunged July 8.
Sources
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