American Bitcoin, a U.S.-based company focused on Bitcoin mining and asset management, has successfully surpassed Galaxy Digital to become one of the top 20 publicly traded companies globally with the largest Bitcoin holdings. The company now holds 6,899 BTC, valued at approximately $491 million, placing it in 16th position.
The difference in Bitcoin holdings between American Bitcoin and Galaxy Digital is minimal, with the former holding 6,899 BTC and the latter holding 6,894 BTC. This slim five-Bitcoin advantage positions the mining subsidiary, associated with the Trump family, alongside a prominent institutional-grade crypto firm. This ranking may fluctuate with changes in their respective mining outputs and any new asset acquisitions.
Founded in March 2025, American Bitcoin is a subsidiary of Hut 8, co-founded by Eric Trump, who also serves as its Chief Strategy Officer. Since its inception, the company has rapidly expanded its Bitcoin reserves through aggressive mining operations and a prudent asset accumulation strategy.
American Bitcoin recently procured 11,298 ASIC mining rigs for its facility in Drumheller, Alberta. This acquisition is expected to boost the company's mining capacity by approximately 12%, directly accelerating the growth of its asset reserves. If Galaxy Digital does not concurrently increase its holdings, the gap between the two companies will widen further based on mining capacity alone.
The Drumheller rig purchase indicates that American Bitcoin views its current ranking not as a final destination but as a stepping stone, continuously optimizing its operational infrastructure while also monitoring its asset growth in the public market.
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While being surpassed in Bitcoin holdings ranking, this does not signify a slowdown for Galaxy Digital. The company completed its operational migration to the U.S. in March 2026 and began trading on Nasdaq under the ticker GLXY. This strategic relocation aims to enhance its access to U.S. institutional capital markets rather than reduce its Bitcoin exposure.
Notably, on March 14th, a whale account transferred 3,146 BTC, worth approximately $223 million at the time, to Galaxy Digital. The scale of this single transaction far exceeds the current holding difference between American Bitcoin and Galaxy Digital, demonstrating continued active institutional investor engagement with Galaxy Digital despite the ranking shift.
The milestone achieved by American Bitcoin is closely linked to another significant development. Trump Media and Technology Group (DJT), traded under the ticker DJT, holds 9,542 BTC in its reserves. This holding not only surpasses American Bitcoin's but also means two entities directly linked to the Trump family are now among the top corporate Bitcoin holders.
Combined, American Bitcoin and Trump Media and Technology Group hold over 16,400 BTC. At current prices, this equates to a total Bitcoin value exceeding $1.1 billion held by entities directly connected to the Trump family. This concentrated holding, whether viewed as a political event or market structural information, is poised to be a focal point for market attention.