American Bitcoin, the Nasdaq-listed mining firm co-founded by Eric Trump and Donald Trump Jr., reported a $59.45 million net loss for the fourth quarter of 2025 as softer crypto prices weighed on performance.
The result marked a sharp reversal from a $3.48 million profit a year earlier and followed a profitable third quarter, while revenue of $78.3 million narrowly missed analyst expectations of $79.6 million despite rising from $64.2 million in the prior-year period.
The company said it holds 6,235 BTC in reserve as of February 24, 2026, including Bitcoin held in custody or pledged for miner purchases under an agreement with Bitmain.
Last year, American Bitcoin agreed to purchase 16,000 mining rigs from Bitmain, paying with pledged Bitcoin that can be redeemed up to two years from now at a current price, according to SEC filings, although previously disclosed financial statements excluded pledged BTC from balance sheet totals.
In a recent social media post, the company said it had “surpassed 6,000 BTC” in its treasury, positioning itself as a “full stack Bitcoin play” combining mining operations, a BTC accumulation strategy and an ecosystem expansion focus aimed at strengthening America’s role in the global Bitcoin economy.
Shares of American Bitcoin, trading under the ABTC ticker at $1.03, have fallen more than 39% since the start of the year, including a near 1.5% decline on the day, underperforming Bitcoin’s roughly 23% drop over the same period.
Bitcoin was trading at $67,361 at the time of writing after slipping nearly 3% over the past 24 hours, underscoring the volatility facing publicly listed miners exposed to price swings in the underlying asset.
At the time of reporting, Bitcoin price was $67,446.47.