American Bitcoin Hits 7K BTC While Rivals Pivot to AI

• American Bitcoin Corp and Metaplanet continue to expand Bitcoin holdings.
• Core Scientific and Cango sell Bitcoin to finance AI infrastructure.

On March 31, 2026, Reuters reported a growing divide in corporate crypto strategies, as Trump-linked American Bitcoin Corp amassed 7,000 BTC while other firms pivoted to fund AI projects. This divergence underscores a pivotal shift in corporate priorities across the blockchain and technology landscape.

American Bitcoin Corp has positioned itself as the 16th-largest publicly traded Bitcoin holder globally. The company’s reserves, acquired through mining activities and purchases from the open market, reflect its commitment to Bitcoin as a strategic asset.

Meanwhile, Metaplanet, often referred to as "Asia's MicroStrategy," has secured $255 million in institutional funding, Bloomberg reported. This capital is slated to acquire approximately 3,800 BTC, potentially elevating Metaplanet to the rank of the third-largest corporate Bitcoin holder worldwide. Its aggressive acquisition strategy highlights its belief in Bitcoin as a long-term store of value.

In contrast to these accumulation strategies, Core Scientific sold 1,900 BTC in January 2026, generating $175 million to fund AI expansion, Reuters noted. The company plans to sell the majority of its remaining Bitcoin holdings as it increases investments in high-performance computing and artificial intelligence technologies.

Similarly, Bloomberg reported that Cango sold 4,451 BTC, raising approximately $305 million. These funds were allocated to reduce debt and finance the company’s transition into AI-related ventures. Cango’s move highlights a broader trend among corporate Bitcoin holders shifting their focus to artificial intelligence.

Other companies, including Bitfarms and Hut 8, have also announced plans to reduce Bitcoin holdings in favor of pivoting their business models toward AI. According to CoinDesk, analysts predict that revenues from AI infrastructure could constitute up to 70% of earnings for some mining firms by the end of 2026.

As of March 31, 2026, 15:08 UTC, Bitcoin (BTC) is trading at $66,940.27, with a 0.978% decrease in price over the past 24 hours, according to CoinMarketCap.