On March 4, 2026, Eric Trump, the second son of US President Donald Trump, announced on the social media platform X (formerly Twitter) that his family's Bitcoin mining company, American Bitcoin (stock code: ABTC), had officially surpassed 6,500 Bitcoins in holdings. This milestone propelled the company to become the 17th largest publicly traded Bitcoin company globally, demonstrating the Trump family's continued involvement and aggressive expansion in the cryptocurrency field.
Buy 500 Bitcoins in 21 days
According to Eric Trump's post, American Bitcoin has accumulated over 500 bitcoins in the past 21 days. In his excited post, Eric Trump stated, "More updates coming soon!" He also attached a photo of himself celebrating with his arms outstretched inside a Bitcoin mining farm, with numerous server racks and American flags in the background.
American Bitcoin is reportedly a key part of the Trump family's recent foray into cryptocurrency. The company went public on Nasdaq in 2025 through partnerships and acquisitions with companies like Hut 8. Eric Trump serves as co-founder and chief strategy officer, while Donald Trump Jr. also holds a stake. American Bitcoin's strategy emphasizes "increasing Bitcoin holdings" rather than simply pursuing increased computing power, contrasting with some competitors' shift towards AI computing.
In addition, American Bitcoin recently announced the purchase of 11,298 new ASIC miners, which is expected to increase its own computing power by about 12%, claiming that it aims to strengthen the Bitcoin mining infrastructure in the United States.
