Trump-backed American Bitcoin buys 500 BTC for $30M as Saylor offloads

American Bitcoin has bought 500 BTC for more than $30 million, lifting its treasury to around 8,000 BTC.

Also, Strive continues to add to its own stack, while Michael Saylor’s Strategy just informed regulators it has sold 3,588 Bitcoin to fund dividend payments. 

A few weeks ago, Strategy, which is the largest corporate holder of Bitcoin, was the sector’s lead buyer. Public companies added close to 9,000 BTC in June, according to BitcoinTreasuries.net, with Strategy’s acquisition of 3,625 coins being the single biggest contribution, followed closely by Strive’s 3,364.

Trump-backed miner crosses 8,000 BTC

American Bitcoin announced the purchase on X, where it also stated that its Bitcoin reserve has more than tripled since its Nasdaq debut. It also stated that satoshis per share have risen roughly threefold over the same stretch. 

BitcoinTreasuries lists the firm’s holdings at exactly 8,000 coins as of July 6, worth about $495.7 million, which ranks American Bitcoin the 16th-largest public corporate holder.

The company trades on the Nasdaq as ABTC and carries a market capitalization the tracker puts at $7.2 billion. Eric Trump helped launch the mining and treasury venture, which is majority owned by Canadian miner Hut 8.

The buying comes after a bruising stretch for the stock. To stay above Nasdaq’s $1.00 minimum bid rule, American Bitcoin completed a 1-for-15 reverse split on July 2. Split-adjusted shares opened trading on July 6 near $7.70, which is reportedly about 91% below the company’s SPAC debut.

Strive continues to buy BTC

Strive, led by CEO Matt Cole, announced that it acquired 17.76 BTC last week to reach 19,882 BTC. During the second quarter, the firm reportedly acquired 6,236 BTC and booked what it described as a 24.0% BTC yield. Strive closed the period with a 67.2% amplification ratio.

On Monday, July 6, Strive distributed $0.0493 per SATA share, the 20th consecutive dividend, an amount it said annualizes to $13 and has an effective yield of 13.4% at the latest close.

Strategy sells to cover its dividends

Strategy disclosed in an SEC filing that it sold 3,588 Bitcoin between June 29 and July 5, directing the proceeds toward dividends on its preferred shares and toward rebuilding cash. 

In late June, the firm parted with 1,363 BTC for $80.8 million, with each BTC selling for an average of $59,256. Strategy then sold another 2,225 BTC between July 1 and 5 for $135.2 million at $60,773 each.

Saylor confirmed the transaction on X, stating, “Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities.” He added, “As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves.”

Strategy has a BTC monetization program that allows it to sell up to $1.25 billion in Bitcoin to meet dividend and debt commitments, and that is where the latest disposal falls under.

The largest Bitcoin treasury reported an $8.32 billion loss on digital assets for the second quarter, and this was driven mostly by unrealized declines, carrying its Bitcoin at $49.67 billion as of June 30. 

So far, the smaller treasuries seem to be acquiring in what seems to be a wager that Bitcoin’s fortunes will turn for the better soon, at a time when investor funds are moving into artificial intelligence.

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