American Bitcoin Increases Treasury to Over 8,000 BTC Following Record Mining Quarter
-
Written by
Simonas Brazionis - Updated 2026-08-03 18:47:33
American Bitcoin significantly increased its Bitcoin treasury in the second quarter, reaching approximately 8,002 BTC, a 14% rise from the previous quarter. This expansion brought the total value of its Bitcoin reserves to about $512 million. The company also reported its highest quarterly Bitcoin production since its September launch, mining 932 Bitcoin in Q2, with mining revenue reaching $67 million.
Table of content
Leadership Perspectives on Growth
American Bitcoin‘s CEO, Mike Ho, emphasized Bitcoin as a growing capital asset, expecting its long-term compounding to surpass the company's cost of capital. Despite market challenges in Q2, the company achieved its highest quarterly production and expanded its strategic reserve to over 8,000 Bitcoin, strengthening its business foundation.
Co-founder and Chief Strategy Officer Eric Trump highlighted the quarter's performance as a testament to the company's rapid growth and long-term Bitcoin strategy. He noted that American Bitcoin now holds over 8,000 Bitcoin and operates one of the world's largest Bitcoin mining platforms.
Financial Performance and Stability
The company's mining revenue rose to $67 million from $62.1 million in Q1, with the cost to mine each Bitcoin remaining stable at approximately $36,500, despite increased energy costs. American Bitcoin maintained a gross margin near 50%, even with a roughly 12% decline in Bitcoin's average price compared to the previous quarter. The company reported a net loss of $57.2 million, an improvement from the $81.8 million loss recorded in Q1.
Strategic Moves and Leadership Changes
In July, American Bitcoin executed a 1-for-15 reverse stock split to meet Nasdaq's minimum bid price requirement, following a period of record low share prices amid a general decline in crypto-related stocks.
Matt Prusak, American Bitcoin President and interim CFO, departed to join Giga Energy, an AI and energy infrastructure developer. Prusak indicated that the primary industry constraint has shifted from Bitcoin mining to the power infrastructure required for both mining and AI data centers.
