Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC

American Bitcoin Corp (ABTC), a Trump-backed subsidiary of Hut 8 Corp, increased its bitcoin treasury to over 8,000 BTC, a 50% rise from 5,401 BTC at the end of 2025. The growth stems from mining operations and treasury purchases, with a 30% increase in holdings during Q1 2026. The company also executed a 1-for-15 reverse stock split and expanded mining capacity in Alberta.