American Bitcoin’s Big BTC Grab While Banks Push Back on Crypto Yields

American Bitcoin, a mining firm linked to the Trump family, has added more than 6,500 bitcoins to its treasury—pushing it into the upper tier of publicly listed companies that hold crypto on their books. The move came after the company bought 500 bitcoins in the last three weeks, valuing its holdings at roughly $470 million today.

• The firm is now the 17th largest public holder of bitcoin, following names like Galaxy Digital.
• Its shares trade under ABTC and recently climbed 6 % to $1.21, although they have fallen over 30 % since the start of the year after a sharp post‑listing drop.

Eric Trump’s Lobbying Accusations

Meanwhile, Eric Trump has been active on X, accusing major U.S. banks such as JPMorgan, Bank of America and Wells Fargo of lobbying to curb high‑yield crypto products. He claims banks earn near‑zero interest on deposits but benefit from Federal Reserve rates, and that lobbyists are pushing legislation like the CLARITY Act to protect traditional banking from crypto competition.

Expanding Mining Capacity

The treasury boost aligns with American Bitcoin’s strategy of scaling its own mining rather than buying on the open market. Earlier this week, the company announced it would add 11,298 ASIC machines, adding about 3.05 EH/s to its hash power and eventually reaching roughly 89,242 machines with a combined 28.1 EH/s. The new gear will be installed at its Drumheller, Alberta site. Executives argue that larger operations keep mining costs below spot prices and help grow on‑balance‑sheet bitcoin.

Insider Buying Amid Losses

The company also disclosed insider buying after its latest earnings report:

• Board member Justin Mateen bought 1.3 million shares at about $1 each.
• Director Richard Busch purchased 330,000 shares over two days.

These purchases came after the trading window reopened following a fourth‑quarter loss of $59 million and a full‑year 2025 loss exceeding $150 million, partly due to market‑value accounting rules that mark bitcoin holdings down during price drops. Despite the losses, American Bitcoin earned more than $185 million in revenue during its first year as a public company.