American Bitcoin Corp is sitting on 7,021 BTC as of March 31, 2026, after adding more than 6,500 coins and mining 817 BTC in the first quarter alone. The company, co-founded by Eric Trump and Donald Trump Jr., is leaning hard into a hold-everything strategy at a time when many miners are dumping inventory to cover costs.
Eric Trump put the thesis simply: the company mines Bitcoin for approximately $57,000 to $58,000 per coin when BTC trades around $116,000. That is, roughly speaking, production at half the market price.
The numbers behind the margin claim
ABTC reported gross mining margins of approximately 53% in Q4 2025 and maintained margins above 50% through Q1 2026. The company’s all-in sustaining cost per Bitcoin dropped to around $36,200 in Q1, representing a 23% decrease from the previous quarter.
Q1 2026 mining revenue hit $62.1 million, a significant jump year-over-year. In April 2026, ABTC added roughly 11,298 ASIC miners to its fleet, bringing the total to approximately 89,242 machines with a combined hashing power of about 28.1 exahashes per second.
