American Bitcoin Corp Down 90%: Trump's Crypto Businesses Are Bleeding [Yahoo! Finance]
American Bitcoin Corp. - Class A (ABTC)
Company Research
Source: Yahoo! Finance
American Bitcoin Corp. (ABTC), the miner backed by the Trump family, significantly missed the mark this quarter, reporting a $59 million loss amid the industry's deepest rout since 2022. While revenue grew, the company's stock has plummeted roughly 90% from its September highs, trading just above $1.00 following the earnings release. American Bitcoin Corp., which counts Eric Trump as a co-founder and chief strategy officer, took a bold path that set it apart from its competitors. While other major miners like MARA Holdings and Riot Platforms pivoted toward artificial intelligence infrastructure to diversify revenue, ABTC doubled down on a pure mining-and-hoarding strategy. This strategy looked brilliant when Bitcoin was surging past $126,000. However, with Bitcoin retreating significantly to trade around $70,000, that conviction has become costly. The company recorded a staggering $227 million unrealized loss on the value of its Bitcoin reserves for the year. DISCOVER: 14 Best
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ABTC
News
- Eric Trump Says JPMorgan, Wells Fargo And Bank of America Trying To Block Americans From Getting Higher Yields On Savings By Sabotaging Clarity Act [Yahoo! Finance]Yahoo! Finance
- Eric Trump Calls Big Banks 'The Greatest Hypocrites' After His Dad Says He Won't Let Them Undermine His 'Powerful Crypto Agenda' [Yahoo! Finance]Yahoo! Finance
- American Bitcoin Expands Mining Capacity by an Anticipated 12% in EH/s with 11,298 Additional ASICsPR Newswire
- Eric Trump Says He Believes In BTC 'Long Term' And American Bitcoin's 'Growth Metric' Is To Increase Its Stash, Not Chase Exhashes Like Other Miners [Yahoo! Finance]Yahoo! Finance
- American Bitcoin Weighs Senate Scrutiny Against Bitcoin Holdings And Valuation [Yahoo! Finance]Yahoo! Finance
ABTC
Sec Filings
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- 2/26/26 - Form 4
- ABTC's page on the SEC website