Trump family-linked American Bitcoin posts $59 million Q4 loss as bitcoin price slides

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Trump family-linked American Bitcoin posts $59 million Q4 loss as bitcoin price slides The bitcoin mining company now holds over 6,000 BTC, with roughly one-third acquired through mining and two-thirds through open-market purchases and strategic transactions. By Francisco Rodrigues , James Van Straten | Edited by Sheldon Reback Feb 26, 2026, 12:55 p.m. Make us preferred on Google (Anne Nygård/Unsplash/Modified by CoinDesk) What to know : American Bitcoin posted a fourth-quarter loss of $59 million as the plummeting price of bitcoin eroded the value of its holdings. The company now holds over 6,000 BTC, with roughly one-third acquired through mining and two-thirds through open-market purchases and strategic transactions. The company generated $185.2 million in revenue for the year and raised $150.5 million through a fourth-quarter stock offering to fund bitcoin purchases. In this article BTC BTC $ 68 192,93 ◢ 3,17 % American Bitcoin (ABTC), the bitcoin BTC $ 68,192.93 mining company backed by the family of President Donald Trump, said it lost $59 million in the fourth quarter as the plummeting price of the largest cryptocurrency eroded the value of its holdings. The company, which went public in September , less than a month before the largest cryptocurrency hit a record high, is pursuing a dual strategy of mining and purchases, with roughly one-third of its BTC coming from mining operations. The rest comes from open-market purchases and strategic transactions, funded in large part by selling stock. The company, which is 20% owned by Eric Trump and Donald Trump Jr, generated $150.5 million through an at-the-market stock offering during the quarter. The capital allowed it to boost its per-share bitcoin exposure by nearly 50%. It now holds more than 6,000 BTC, it said. During the quarter, it mined bitcoin at a 53% gross margin, suggesting production costs were significantly below spot prices even as the price of the cryptocurrency fell. Revenue rose 22% from the third quarter. New Financial Accounting Standards Board (FASB) guidelines require firms to mark crypto holdings to market. Bitcoin’s price fell 23% during the period, forcing American Bitcoin to report a $227 million non-cash loss. Shares in the company are up 3.8% in pre-market trading at $1.09. They are down nearly 90% from a high of around $9 seen last year. The company's majority owner, Hut 8 (HUT), reported fourth-quarter earnings on Wednesday, sending the shares down 7% even as rivals such as MARA Holdings (MARA) and Riot Platforms (RIOT) advance. Hut 8 said it ended the year with an 8,500 MW development pipeline. It also secured a new $200 million revolving credit facility with Two Prime and expanded its Coinbase facility to $200 million, bringing total credit capacity to $400 million. Bitcoin Treasury Reserve Asset Digital Asset Treasury Bitcoin Earnings Hut 8 Bitcoin Mining More For You STS Digital raises $30 million to expand crypto options platform By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback 18 minutes ago The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla, and exotic options, targeting institutional demand as crypto options open interest reaches $40 billion. What to know : STS Digital raised $30 million from CMT Digital, Kraken exchange parent Payward and other investors to expand its institutional trading platform. The Bermuda-based firm offers trading across 400+ cryptocurrencies with spot, vanilla and exotic options targeting institutional demand. STS aims to become a foundational liquidity layer for crypto derivatives, capitalizing on growing institutional adoption of options for hedging and yield generation. Read full story Latest Crypto News STS Digital raises $30 million to expand crypto options platform 18 minutes ago Bitcoin's bounce fails to convince options traders 43 minutes ago Bitcoin stalls below $70,000 while DOT, UNI lead altcoin surge 1 hour ago Three companies add Strategy's STRC to treasury as shares return to par 2 hours ago The 10 a.m. mystery: Why bitcoin’s daily ‘price slam’ suddenly vanished after a massive lawsuit 2 hours ago Bitcoin touches $70,000 before fading as altcoins lead the strongest bounce in weeks 7 hours ago Top Stories Nvidia earnings smashed expectations as the world’s largest company CEO says AI is only getting better 15 hours ago MrBeast editor nabbed by prediction market firm Kalshi for alleged insider trading 17 hours ago A $100 million crypto campaign fund with a pro-Trump vibe so far failed to show up 19 hours ago Endowment funds eye crypto allocations amid tougher return outlook for traditional investments 22 hours ago The chief of the SEC is headlining an event sponsored by a crypto firm at war with it 22 hours ago Circle shares surge by record 35% as USDC issuance drives estimate-busting earnings Feb 25, 2026 In this article BTC BTC $ 68 192,93 ◢ 3,17 %