American Bitcoin (ABTC) has accumulated a Bitcoin (BTC) reserve of 6,500 coins, ranking among the top 20 publicly traded companies worldwide in Bitcoin holdings. Meanwhile, internal board members, including Tinder co-founder Justin Mateen, have increased their company stock holdings through open market purchases.
ABTC Expands Bitcoin Reserves, Enters Top 20 Global Public Companies
According to the latest data from Bitcoin Treasuries, American Bitcoin (ABTC) has added over 500 BTC in the past 21 days, bringing its total reserves to approximately 6,500 coins, with a market value of about $470 million. This asset size has moved the company up to 17th place among roughly 193 listed companies worldwide that adopt Bitcoin treasury strategies, just behind Galaxy Digital. Despite market volatility causing its stock price to fall 34.3% from the beginning of the year to early 2026, news of its reserves caused the stock to jump 11.7% on Wednesday, closing at $1.15, with continued upward momentum in after-hours trading. The company’s current market cap is estimated at around $1.4 billion.
ABTC Expands Hardware Mining Capacity to Lower Bitcoin Acquisition Costs
American Bitcoin (ABTC) continues to expand its infrastructure through a “self-mining accumulation strategy.” This week, ABTC will purchase 11,298 ASIC miners, expected to add 3.05 exahash per second (EH/s) of computing power to its existing system. Once deployed at the Drumheller facility in Alberta, the company will operate approximately 89,242 miners with a total hash rate of 28.1 EH/s. This expansion aims to reduce production costs through industrial-scale operations, enabling the company to acquire Bitcoin at costs below current market spot prices. According to Q4 2025 financial data, the company’s mining gross profit margin reached 53%, demonstrating significant structural cost advantages in building its digital gold reserves.
ABTC President Matt Prusak stated that the company’s core goal is to continuously accumulate Bitcoin. Financially, the company generated $185.2 million in annual revenue in its first year as a public company. However, due to fair value accounting standards, its Bitcoin holdings resulted in a non-cash market value loss of $227.1 million, leading to a net loss of $153.2 million in 2025.
Board Members and Tinder Co-founder Increase Shareholdings
The latest filings with the U.S. Securities and Exchange Commission (SEC) reveal internal financial details. Justin Mateen, a board member and Tinder co-founder, purchased approximately 1.8 million Class A common shares at an average price of $1.03 per share on March 3. Another director, Richard Buskin, bought a total of 330,000 shares in installments on March 3 and 4.
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