American Bitcoin's second-quarter Bitcoin reserve surpasses 8,000 coins, reaching a record high quarterly production.
August 3rd, American Bitcoin (Nasdaq: ABTC) announced its second quarter 2026 financial report. As of June 30, the company's Bitcoin reserves increased to approximately 8,002 coins, an addition of about 981 coins from the end of the first quarter, representing a quarterly growth rate of about 14%; the Satoshis per Share, equivalent to Bitcoin holdings per share, increased by about 11%.
During the reporting period, the company mined approximately 932 BTC, achieving a record-high quarterly output. The mining revenue was around $67.02 million, with a quarter-on-quarter growth of about 8%. The gross profit margin remained at around 50%, and the cost to mine a single BTC was approximately $36,500, nearly unchanged from the previous quarter.
American Bitcoin's CEO, Mike Ho, stated that the company will continue to increase its Bitcoin reserves by expanding its mining infrastructure and enhancing its balance sheet strength. The co-founder and Chief Strategy Officer, Eric Trump, mentioned that the company currently holds over 8,000 BTC and operates one of the world's largest Bitcoin mining platforms, affirming strong confidence in Bitcoin's long-term prospects.