American Bitcoin Reaches 7,500 BTC; MicroStrategy Buys $2B

On May 18, American Bitcoin reported holdings exceeded 7,500 BTC and said it reached 15th among publicly traded bitcoin holders. The company reported its bitcoin reserve has grown more than threefold since its Nasdaq debut last September after a stock-for-stock merger with miner Hut 8, and it reported more than 700 satoshis per share, more than double the level at listing. ABTC shares fell 8% to an all-time low on the day of the disclosures.

American Bitcoin was co-founded by Eric Trump and Donald Trump Jr. The company posted on X, “The accumulation machine doesn’t stop. #ABTC.” Eric Trump disputed coverage questioning the firm’s business model and defended the accumulation strategy as competitive with larger treasury operators.

MicroStrategy acquired 24,869 BTC for roughly $2.01 billion last week, at an average price near $80,985 per coin. The purchase raised MicroStrategy’s total holdings to 843,738 BTC, which the company values at about $63.87 billion on a $75,700 cost basis. MicroStrategy reported a year-to-date bitcoin yield of 12.6% for 2026. Michael Saylor posted, “Strategy has acquired 24,869 BTC for ~$2.01 billion at ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026.”

The buy was financed through MicroStrategy’s STRC Perpetual Preferred Share Program. An 8-K filing showed the sale of 19.5 million STRC shares raised about $1.95 billion, which was used to purchase 24,066 BTC at an average price near $81,000. The filing confirmed no bitcoin sales occurred during the period it covered.

Market odds on Polymarket placed the probability that MicroStrategy would sell any bitcoin before May 31 at roughly 41%. MicroStrategy remains the largest corporate holder of bitcoin, controlling about three-quarters of bitcoin held by public companies and maintaining a target of one million BTC.

The filings show the largest and fastest-growing public bitcoin treasury holders continued to accumulate last week while smaller corporate treasuries slowed purchases through 2026. At the time of the disclosures, spot bitcoin prices traded about 5% below the prior week’s levels.