American Bitcoin’s Treasury Tops 8,000 BTC Despite $57M Loss

American Bitcoin Corp. expanded its strategic reserve to approximately 8,002 BTC by June 30, 2026, despite recording a $57.2 million net loss for the second quarter.

The company added roughly 981 BTC during the three-month period, lifting its holdings by 14% from 7,021 BTC at the end of March, according to its second-quarter results. It mined a record 932 BTC, up from 817 BTC in the previous quarter and equal to around 26% of all Bitcoin produced since its March 2025 launch.

American Bitcoin reported approximately $67 million in mining revenue, an 8% quarterly increase. Revenue per Bitcoin mined, however, declined by about 5% to $71,900 as the company said BTC’s market price fell roughly 12% during the quarter.

Digital-Asset Loss Weighs on Results

The company booked a $71.2 million loss on digital assets, contributing to a $74.1 million operating loss. An $18.3 million gain on derivatives provided a partial offset, while adjusted EBITDA remained negative at approximately $45 million.

Its cost to mine one Bitcoin was broadly stable at $36,500, compared with $36,200 in the first quarter. Gross margin also remained close to 50%, although general and administrative expenses increased to $7.7 million.

Around 3,090 BTC, or nearly 39% of American Bitcoin’s quarter-end holdings, were pledged under miner-purchase agreements with Bitmain. This means a substantial portion of the reported treasury was encumbered rather than freely available.

The company’s satoshis-per-share metric still increased by 11% to approximately 10,989, as Bitcoin holdings grew faster than outstanding shares. American Bitcoin also ended the quarter with 89,242 owned miners representing 28.1 EH/s of capacity.

The next measurable development will be whether the company can maintain reserve growth while narrowing its losses in the third quarter.