American Bitcoin (ABTC), a company backed by Donald Trump’s sons, lost $59 million in the last part of 2025. Even though the company made 22% more money than before, a big drop in Bitcoin’s price forced them to report a huge loss on paper.
The company gets its Bitcoin in two ways: it mines about one-third itself and buys the rest on the open market. To pay for these extra Bitcoins, the company sells its own stock to investors.
During this time, they raised over $150 million, which helped them grow their total stash to more than 6,000 Bitcoins.
Operationally, the company is doing well. It only costs them about half of Bitcoin’s market price to mine it, meaning they still make a profit on every coin they create.
However, new accounting rules say companies must list the current market value of their crypto. Because Bitcoin fell by 23%, the company had to show a $227 million “loss” because their holdings became less valuable.
While the stock price went up slightly to $1.09 recently, it is still down 90% from its high of $9 last year.
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