American Bitcoin has surpassed Galaxy Digital to secure the 16th position among public companies with the largest Bitcoin reserves, now holding 6,899 BTC valued at roughly $491 million. This narrow victory places the company—which operates as a majority-owned subsidiary of Hut 8 and was co-founded by Eric Trump, who serves as Chief Strategy Officer—ahead of one of the most established institutional crypto players. American Bitcoin was established in March 2025 and focuses on expanding its mining and treasury operations in North America, combining newly mined coins with a strategy of deliberate accumulation.
Tight Margins in the Corporate Bitcoin League Table
The margin between American Bitcoin and Galaxy Digital remains slim, with only five Bitcoin currently separating the two. Each cycle of mining activity or treasury purchase has the potential to shift these rankings, making the competitive environment especially dynamic as both companies adjust their strategies to maintain or grow their holdings.
Growth Driven by Increased Mining Power
American Bitcoin’s recent acquisition of 11,298 ASIC miners for its Drumheller, Alberta site is expected to boost its mining power by about 12%. This expansion signals an intent to further increase its treasury, as higher mining output directly connects to more coins under company control. Continued investments in operational infrastructure suggest American Bitcoin views its current ranking as a stepping stone rather than a peak, with future growth objectives remaining in focus.
As a result, any gap between American Bitcoin and competitors like Galaxy Digital may continue to widen if similar investments do not follow from the latter. The increased mining capacity is key to shaping future standings among public corporate holders of Bitcoin.
Galaxy Digital Responds With Structural Changes
Galaxy Digital, a prominent digital asset and blockchain services provider, has signaled ongoing institutional participation despite having been overtaken. In March 2026, the company finalized its move to the U.S. and began Nasdaq trading under the GLXY ticker, aligning its structure to attract more American institutional investment. Such corporate shifts indicate an adaptation to changing market environments rather than a retreat from Bitcoin accumulation.
Further demonstrating institutional engagement, a large transaction on March 14 transferred 3,146 BTC, then worth approximately $223 million, to Galaxy Digital. This amount far exceeds the five-Bitcoin gap with American Bitcoin, underscoring the volatility in these rankings and the continuing movement of substantial holdings.
Trump-Connected Entities Dominate Top Rankings
Aside from American Bitcoin’s recent milestone, Trump Media and Technology—listed publicly under the DJT ticker—holds a treasury of 9,542 BTC, a position that surpasses even American Bitcoin. Together, these two Trump-affiliated companies now collectively control more than 16,400 BTC, valued at over $1.1 billion. This development situates Trump family-linked entities firmly among the most significant public holders of Bitcoin worldwide, a presence that may carry both financial and broader structural implications within the crypto landscape.
