American Bitcoin's Treasury Tops 8,000 BTC as ABTC Jumps After Reverse Split

American Bitcoin Corp. said its corporate Bitcoin holdings have climbed past 8,000 BTC, a level that places the company among the leading U.S.-listed firms with sizable BTC treasuries and coincides with a sharp move higher in its shares. In a July 6 post on X, the company reported its Bitcoin reserve exceeded 8,000 BTC, valued at roughly $512 million at prevailing prices (around $64,000 per coin). Data from BitcoinTreasuries puts the firm near the top of publicly traded U.S. Bitcoin holders, ranking ahead of GD Culture Group and Galaxy Digital. American Bitcoin said both its BTC reserve and its satoshis-per-share metric have increased by about three times since it began trading on Nasdaq. ABTC was last quoted at $8.49, up 14.1% on the session. Shares traded between $7.40 and $9.31, with volume above 2.17 million. The move comes shortly after a 1-for-15 reverse stock split that took effect July 2. Total shares outstanding fell from about 1.09 billion to roughly 73 million. Class A shares began trading on a split-adjusted basis on Nasdaq from July 6 under the same ABTC ticker. Management said the reverse split was intended to raise the per-share price and support compliance with Nasdaq's minimum bid requirements. In its Q1 2026 results, American Bitcoin reported a net loss of $81.8 million. A 22% decline in Bitcoin's price during the quarter resulted in a $117.2 million non-cash mark-to-market charge on its digital asset holdings. Operationally, the company mined 817 BTC in the quarter and cut its cost per mined Bitcoin to $36,200, down 23% from $46,900 in Q4 2025. It also purchased 803 BTC during the period, ending March 31 with 7,021 BTC. CEO Mike Ho said the core business was profitable and stressed the company did not sell any Bitcoin, attributing the reported loss primarily to the mark-to-market accounting impact. American Bitcoin was launched in March 2025 by Hut 8 and Eric Trump, with backing from Eric Trump and Donald Trump Jr. The firm's strategy centers on self-mining and building a long-term Bitcoin treasury, rather than shifting its footprint toward AI data centers. The latest treasury disclosure signals continued accumulation after the March quarter, even as the stock previously faced pressure. Investors will likely continue to trade ABTC as a high-beta proxy for Bitcoin, with performance tied to BTC prices, mining efficiency and costs, and market demand for publicly listed Bitcoin-treasury companies. Further reserve gains will be watched through additional mining output or outright purchases. Crossing the 8,000 BTC mark and the post-split rebound represent a milestone for the young, miner-led treasury story, though the company remains sensitive to crypto market volatility and mining economics.