Trump-linked American Bitcoin said its holdings had risen to approximately 6,899 BTC on Wednesday, making it the 16th largest holder among treasury companies.

"Proud to announce that as of minutes ago, American Bitcoin has passed Galaxy Digital in BTC holdings," President Donald Trump's middle son, Eric Trump, posted to social media. "We now stand as the 16th largest Public Bitcoin Company on Earth! No company is climbing the ladder faster."

The last time American Bitcoin (ABTC) updated its holdings, about two weeks ago, it said it held roughly 6,500 BTC. At current prices, the company's holdings are worth nearly $492 million, with bitcoin changing hands at about $71,000 on Wednesday.

Notably, tracking data from Bitcoin Treasuries shows Trump Media & Technology Group Corp., which operates the social media platform Truth Social and is majority-owned by Eric's father, ranks 13th among public holders with about 9,500 BTC.

Unlike some Bitcoin treasuries, American Bitcoin has been pursuing a mining strategy that included the company purchasing another 11,298 ASIC mining machines. The company's recent expansion is meant to bolster American Bitcoin's strategy of accumulating bitcoin below spot prices through scaled mining operations.

Launched in March 2025, American Bitcoin is a majority-owned subsidiary of Hut 8, formed in partnership with Eric Trump's American Data Centers venture to focus on industrial-scale bitcoin mining and strategic reserve development. Eric serves as both co-founder and chief strategy officer at American Bitcoin.