American Bitcoin Passes Galaxy Digital in BTC Holdings: Trump-Linked Entities Now Control Two Top-20 Positions

American Bitcoin, the mining and treasury firm co-founded by Eric Trump, has surpassed Galaxy Digital in total Bitcoin holdings, taking the 16th spot among public corporate holders globally with 6,899 BTC valued at approximately $491 million.

A Five-BTC Margin at the Top

The gap between the two firms is narrow. American Bitcoin holds 6,899 BTC against Galaxy Digital’s 6,894. Five Bitcoin separate a Trump-affiliated mining subsidiary from one of the most established institutional crypto firms in the industry. That margin will move with each mining cycle and any treasury purchases either firm makes.

American Bitcoin was formed in March 2025 as a majority-owned subsidiary of Hut 8. Eric Trump serves as Co-Founder and Chief Strategy Officer. The firm has grown its treasury rapidly since launch, combining active mining output with a deliberate accumulation strategy.

Mining Capacity Is Still Expanding

Recently, American Bitcoin purchased 11,298 ASIC miners for its site in Drumheller, Alberta. The acquisition is expected to increase the firm’s mining capacity by roughly 12%. That expansion directly affects the rate at which the treasury grows. If Galaxy Digital does not make equivalent treasury additions, the gap between the two firms will widen from the mining side alone.

The Drumheller purchase signals that American Bitcoin is not treating its current ranking as a ceiling. The operational infrastructure is being scaled at the same time the treasury is being tracked publicly.

Galaxy Digital Is Not Standing Still

Being overtaken in treasury rankings does not reflect a Galaxy Digital retreat. The firm completed a full operational move to the United States and began trading on Nasdaq under the ticker GLXY in March 2026. That transition represents a structural shift in how the firm accesses U.S. institutional capital markets, not a reduction in its Bitcoin positioning.

On March 14, an unknown whale transferred 3,146 BTC, worth approximately $223 million at the time, to Galaxy Digital. That single transfer is larger than the entire margin separating the two firms in the treasury rankings. It signals that institutional engagement with Galaxy Digital remains active regardless of where the firm sits in the public holder league table.

The Broader Trump Bitcoin Picture

The American Bitcoin milestone sits alongside a separate but related data point. Trump Media and Technology, trading under the DJT ticker, holds 9,542 BTC in its treasury. That position ranks above American Bitcoin and places two Trump-affiliated entities inside the top tier of corporate Bitcoin holders simultaneously.

The combined holdings across American Bitcoin and Trump Media exceed 16,400 BTC. At current prices that represents over $1.1 billion in Bitcoin held by entities with direct Trump family ties. Whether that concentration is treated as a political story or a market structure story depends on the analyst. The numbers are the same either way.

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