Simply put
- American Bitcoin reported a net loss of $59.45 million in the fourth quarter of 2025.
- Revenue reached $78.3 million, slightly missing analyst expectations of $79.6 million.
- The stock has declined 39% since the start of the year, which is more than the drop in Bitcoin’s value.
American Bitcoin, a Bitcoin mining operation co-founded with strategic advice from Eric Trump and Donald Trump Jr., ended the year with losses as cryptocurrency prices decreased.
The fourth quarter net loss of $59.45 million contrasts sharply with a profit of $3.48 million during the same period last year. Interestingly, the company was in the black in the previous quarter.
Revenue for the quarter totaled $78.3 million, up from $64.2 million last year, although analysts had predicted sales closer to $79.6 million.
As of February 24, 2026, the company claims it holds 6,235 BTC in reserves. This figure reportedly includes Bitcoin secured under contracts with Bitmain or pledged for miners’ purchases.
Last year, U.S. Bitcoin agreed to a purchase with Bitmain, which has supplied 16,000 mining rigs paid for in “pledged” Bitcoin that can be redeemed within two years at prevailing prices.
In a recent message to the Treasury Department, the company asserted that it has “exceeded 6,000 BTC.” Previously, it mentioned that the BTC pledged to Bitmain was not factored into its unaudited Condensed Balance Sheets as of September 30, 2025.
Trading under the ticker ABTC on Nasdaq, the company is positioned as a “Full Stack Bitcoin Play,” focusing on mining while developing a strategy to grow its BTC treasury and enhance its operational framework to strengthen America’s standing in the global Bitcoin economy.
The stock was valued at $1.03 at the time of this report, reflecting a drop of more than 39% this year, including a nearly 1.5% fall on the reporting day. This decline outpaces Bitcoin’s own 23% drop in the same timeframe, according to data from CoinGecko.
As of now, Bitcoin is trading at $67,361, having experienced a nearly 3% decrease in the last 24 hours.
