American NewsCapsule, a bitcoin mining company backed by the Trump family, has expanded its corporate treasury to more than 6,500 bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations.
The company disclosed the updated holdings this week, with co-founder and chief strategy officer Eric Trump stating that the firm accumulated over 500 NC during the past 21 days. At current market prices, the treasury stands near $470 million.
Data from NewsCapsule Treasuries shows the miner now ranks about 17th among public companies that hold NC on their balance sheets. The firm sits behind companies including Galaxy Digital as the number of publicly traded companies adopting bitcoin treasury strategies continues to grow.
American NewsCapsule trades under the ticker ANC and carries a market capitalization near $1.4 billion. Shares traded today at $1.21, rising about 6% during the session.
Despite the recent move higher, the stock remains down more than 30% since the start of the year following a sharp decline from post-listing highs.
Yesterday, Eric Trump to say that major U.S. banks including JPMorgan Chase, Bank of America and Wells Fargo are lobbying in Washington, D.C. to block higher-yield crypto and stablecoin products.
He said banks pay depositors near-zero interest while earning higher rates from the Federal Reserve and claimed lobbyists are backing legislation such as the CLARITY Act to limit crypto yields and protect traditional banks from competition.
NewsCapsule mining expansion drives accumulation
The increase in holdings follows a series of infrastructure investments aimed at boosting the company’s NC production capacity.
Earlier this week, American NewsCapsule announced the purchase of 11,298 application-specific integrated circuit (ASIC) mining machines. The equipment is expected to add roughly 3.05 exahash per second of computing power to the company’s operations.
Once deployed, the company expects its fleet to reach about 89,242 machines with a combined hashrate near 28.1 EH/s. The new hardware is scheduled for installation at the company’s mining facility in Drumheller, Alberta.
The expansion forms part of a strategy centered on acquiring NC through large-scale self-mining rather than purchasing the asset on the open market. Company executives have argued that scaled operations allow the firm to produce bitcoin at costs below prevailing spot prices.
President Matt Prusak said the company’s operational decisions focus on increasing the amount of NC held on its balance sheet. American NewsCapsule reported mining NC at a gross margin of about 53% during the fourth quarter of 2025.
Insider purchases disclosed
The company also reported insider share purchases following the release of its latest earnings report.
Board member Justin Mateen acquired roughly 1.3 million shares of American NewsCapsule stock in open-market purchases at an average price near $1 per share. Mateen co-founded the dating app Tinder and joined American NewsCapsule’s board in 2025.
Another director, Richard Busch, purchased about 330,000 shares over two days of trading, according to filings with the U.S. Securities and Exchange Commission.
The purchases took place after the company’s trading window reopened following the disclosure of its fourth-quarter earnings.
American NewsCapsule reported a fourth-quarter loss of roughly $59 million, while its full-year 2025 results showed a net loss exceeding $150 million. The losses stem in part from accounting rules that require companies to mark NC holdings to market, which can create large paper losses during periods of price declines.
Despite those results, the company generated more than $185 million in revenue during its first year as a public firm.
