American Bitcoin Corp., a crypto‑mining company backed by the family of Donald Trump, recorded a loss of USD 59 million in the fourth quarter of 2025.
The loss came amid a sharp decline in bitcoin prices and a sell‑off in the company’s shares that has erased around 90% of its market value since September.
According to Bloomberg, American Bitcoin Corp shares fell nearly 3% after the earnings report was released and were trading slightly above USD 1. The drop reflects broader pressure on the crypto sector and on digital‑asset businesses linked to the Trump family.
The losses were also driven by the company’s strategy of holding all mined bitcoin. As bitcoin prices fell from more than USD 126,000 to around USD 70,000, the value of the company’s crypto reserves came under pressure. Throughout 2025, American Bitcoin recorded unrealised losses of USD 227 million due to the decline in its digital‑asset holdings.
“With bitcoin plunging sharply from its peak, a retention strategy can amplify losses,” said Matthew Kimmell, Digital Asset Analyst at CoinShares.
“Inventory loses value based on market prices, and investors may start pricing in balance‑sheet pressure before it shows up in operations.”
Pressure has also hit other crypto businesses linked to the Trump family. World Liberty Financial has seen its token value fall 65% since launching in September, while Trump‑related memecoins have dropped 72% since they began trading in March.
Amid the downturn, American Bitcoin continues to maintain its mining‑and‑holding strategy, unlike competitors such as MARA Holdings and Riot Platforms, which have begun shifting part of their operations toward artificial‑intelligence infrastructure.
American Bitcoin’s revenue rose 22% compared with the previous quarter, but this was not enough to offset the pressure from falling crypto‑asset values. The company said it remains focused on its bitcoin‑accumulation strategy.
“There is a lot of noise in this industry, but we stay focused,” said Eric Trump. “We mine bitcoin more cheaply than you can buy it. We hold it. And we increase our bitcoin holdings over time.”
American Bitcoin was formed after a partnership with Hut 8 Corp., which transferred its mining assets to the new entity. The company was previously known as American Data Centers before being converted into a bitcoin‑mining firm. (DH/LM)
Originally written by: Lisa Monica, Ramdhani Pratama
Source: IDN Financials
Published on: 28 February 2026
Link to original article: Trump family crypto business loses $59 million, shares plunge 90%
