American Bitcoin, a Bitcoin mining firm co-founded and advised by Donald Trump’s sons, Eric Trump and Donald Trump Jr., has reported a significant financial downturn in its fourth quarter due to declining cryptocurrency prices. The company recorded a net loss of $59.45 million for the period, a stark contrast to the $3.48 million profit reported during the same quarter a year prior and following another profitable quarter previously.
Despite the loss, American Bitcoin did show an increase in revenue for the three months ending December 31, reporting $78.3 million. This marked a rise from $64.2 million in the previous year, though it fell short of analysts’ expectations of $79.6 million.
As of late February 2026, American Bitcoin stated it holds 6,235 BTC in its reserves. Notably, this figure encompasses Bitcoin that is held in custody or pledged for miner purchases as part of a deal with mining rig manufacturer Bitmain. The company had previously committed to purchasing 16,000 mining rigs from Bitmain, with payments to be made using “pledged” Bitcoin that can be redeemed within a two-year window, as detailed in SEC filings.
In an update shared via its social media account, American Bitcoin highlighted that it has surpassed 6,000 BTC in its treasury. The company also clarified in its third-quarter earnings report that the Bitcoin pledged to Bitmain is not included in the unaudited balance sheets as of September 30, 2025.
Positioning itself as a comprehensive participant in the Bitcoin market, American Bitcoin describes itself as a “full stack Bitcoin play.” It engages in mining operations, implements a strategy for BTC treasury accumulation, and aims to amplify its ecosystem to establish the United States as a dominant force in the global Bitcoin economy.
However, the company’s stock, trading under the ticker ABTC on the Nasdaq, has faced challenges, losing over 39% of its value since the beginning of the year. This includes a nearly 1.5% decline on the day of the report. In comparison, Bitcoin itself has experienced a 23% drop in value over the same period, with the cryptocurrency trading at $67,361 after a nearly 3% decline in the past day.
