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American Bitcoin Climbs to No. 15 Among Public BTC Holders as Strategy Buys $2B More

Trump-linked American Bitcoin (ABTC) said its Bitcoin reserves have expanded rapidly, lifting it to 15th place globally among publicly traded companies holding BTC. The update came as Strategy (formerly MicroStrategy) disclosed its second-largest Bitcoin purchase of 2026, buying about $2 billion worth last week. Both disclosures, dated May 18, indicate that public-market Bitcoin treasury vehicles continued to accumulate aggressively even as spot BTC traded around 5% below the prior week's level. ABTC shares also fell 8% today, extending a slide that has pushed the stock to an all-time low. ABTC, co-founded by Eric Trump and Donald Trump Jr., said it has accumulated more than 7,500 BTC since listing on Nasdaq last September through a stock-for-stock merger with public miner Hut 8. The company said it has climbed 15 places in just over eight months, reporting more than 3x growth in its Bitcoin reserve and more than 700 satoshis per share, over double the level at its public debut. The rapid accumulation has renewed attention on Trump-affiliated digital-asset ventures. Eric Trump has publicly pushed back on media reports questioning ABTC's business model, arguing the accumulation strategy can compete with larger Bitcoin treasury operators. Strategy disclosed it purchased 24,869 BTC for roughly $2.01 billion at an average price of $80,985 last week. Total holdings rose to 843,738 BTC, valued at $63.87 billion, with a cost basis of $75,700 per coin. The company reported a 12.6% year-to-date BTC yield for 2026. The acquisition was funded via Strategy's STRC Perpetual Preferred Share Program. An 8-K filing showed 19.5 million shares were issued to raise $1.95 billion, used to buy 24,066 BTC at about $81,000, marking the second-largest weekly STRC raise on record. Michael Saylor said the company has achieved a 12.6% BTC yield YTD 2026. Polymarket odds that Strategy sells any Bitcoin before May 31 stood at 41%, while the filing confirmed no sales so far during the period. Strategy continues to control roughly three-quarters of corporate-held Bitcoin and remains focused on its 1 million BTC target. Together, the filings suggest the largest and fastest-growing corporate Bitcoin holders kept buying through last week, even as treasury demand among smaller firms has cooled across 2026.
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