In brief
- American Bitcoin reported a net loss of $59.45 million in Q4 2025.
- Revenue reached $78.3 million, narrowly missing analyst expectations of $79.6 million.
- Shares have fallen 39% since the start of the year, outpacing Bitcoin’s own decline.
American Bitcoin, the Bitcoin mining firm co-founded and strategically advised by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., recorded a loss amid weakened crypto prices in Q4.
The company posted a net loss of $59.45 million in the fourth quarter, compared with a $3.48 million profit a year ago. The company had also reported a profit in the previous quarter.
American Bitcoin reported revenue of $78.3 million in the three months ended December 31, compared with $64.2 million in the prior-year period. Analysts were expecting revenue of $79.6 million.
As of Feb. 24, 2026, the company claims to have 6,235 BTC in its reserve. In its press release the company said that the total also includes Bitcoin that’s being held in custody or pledge for miner purchases under an agreement with Bitmain.
Last year, American Bitcoin agreed to purchase 16,000 mining rigs from Bitmain, and said that they’re being paid for with “pledged” Bitcoin which could be redeemed up to two years from now, at a current price, according to SEC filings.
On its X account last week, the company claimed to have “surpassed 6,000 BTC” in its treasury. American Bitcoin has said previously, in its Q3 earnings report, that the BTC pledged to Bitmain was “not included on the Unaudited Condensed and Combined Balance Sheets of the Company as of September 30, 2025.”
The company, which trades under the ABTC ticker on the Nasdaq, bills itself as a “full stack Bitcoin play,” saying that it engages in Bitcoin mining, maintains a BTC treasury accumulation strategy, and an “ecosystem amplification” layer to “establish America as the undisputed leader of the global Bitcoin economy.”
The company’s shares, which were trading for $1.03 at the time of writing, have lost more than 39% in value since the start of the year, including a nearly 1.5% dip on the day. That year-to-date loss has outpaced Bitcoin’s 23% loss in the same timeframe, according to crypto price aggregator CoinGecko.
At the time of writing, Bitcoin was trading for $67,361 after having dropped nearly 3% in the past day.
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