Trump’s American Bitcoin Is Following MicroStrategy, But Shareholders Feel the Pain

Trump-linked American Bitcoin (ABTC) touted accelerated reserve maturation and a ascent to 15th spot among publically traded bitcoin holders, arsenic Strategy (formerly MicroStrategy) logged its second-largest 2026 Bitcoin (BTC) acquisition with a $2 cardinal bargain past week.

The dual disclosures connected May 18 highlighted that publically traded bitcoin treasury vehicles continued to aggressively accumulate, adjacent arsenic BTC spot prices were astir 5% beneath the level recorded the erstwhile week.

Meanwhile, the company's banal has reached an all-time low, further dropping 8% today.

American Bitcoin's Push Up the Rankings

ABTC, co-founded by Eric Trump and Donald Trump Jr., has crossed 7,500 BTC accumulated since its Nasdaq debut past September via a stock-for-stock merger with nationalist miner Hut 8.

The steadfast present ranks 15th globally among publically traded bitcoin holders, climbing 15 places successful conscionable implicit 8 months.

The institution reported much than 3x maturation successful its Bitcoin reserve and implicit 700 Satoshis per share, much than doubling that metric since its nationalist debut.

Meanwhile, ABTC's gait has drawn renewed attraction to Trump-affiliated integer plus ventures.

Eric Trump has publically disputed media sum questioning the firm's concern model, defending the accumulation strategy arsenic competitory with larger treasury operators.

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Strategy Adds 24,869 BTC successful Second-Largest Bitcoin Buy of 2026

Elsewhere, MicroStrategy acquired 24,869 BTC for astir $2.01 cardinal astatine an mean terms of $80,985 past week, lifting holdings to 843,738 BTC worthy $63.87 cardinal astatine a $75,700 outgo basis.

Michael Saylor's steadfast reported a 12.6% YTD BTC yield.

The acquisition was financed done Strategy's STRC Perpetual Preferred Share Program. The 8-K showed 19.5 cardinal shares raising $1.95 cardinal for 24,066 BTC astatine $81,000, marking the second-largest play STRC rise connected record.

"Strategy has acquired 24,869 BTC for ~$2.01 cardinal astatine ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026," Saylor announced.