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American Bitcoin was established in partnership with Eric Trump’s American Data Centers and is now a holding subsidiary of Hut 8, a Canadian-listed mining company, focused on industrial-grade Bitcoin mining and strategic Bitcoin reserve development.
Trump family mining company ABTC's stock price falls 95% from its peak, with over 8,000 BTC holdings posing potential selling risk
Following a 1:15 reverse stock split to maintain its Nasdaq listing, American Bitcoin, the Trump family's Bitcoin mining company, has seen its stock price drop 95% from its all-time high. Over the past 10 months, the book value of the approximately 6% stake held by Donald Trump's second son, Eric Trump, has shrunk by over $600 million. Data shows ABTC reported an operating loss of $118.2 million in the first quarter, with the vast majority attributed to Bitcoin impairment losses. The company recently added approximately 500 BTC, bringing its balance sheet Bitcoin holdings to over 8,000. If its financial situation worsens further and it cannot sustain external financing, there may be a potential risk of forced selling. The reverse stock split signals that the company faces the risk of delisting, which could further exacerbate stock selling and force the company to sell part of its Bitcoin assets to meet debt obligations.
American Bitcoin Company (ABTC) purchased Bitmain mining rigs using bitcoin as collateral, achieving an effective discount of 44%
According to TheEnergyMag, U.S.-based Bitcoin company American Bitcoin Corp. (NASDAQ: ABTC) disclosed in its latest quarterly report that in February of this year, it purchased approximately 11,298 S21 XP ASIC miners (with a combined hash rate of roughly 3.05 EH/s) from Bitmain for $49.4 million. Of this amount, 80% was paid via the pledge of 314 BTC. Based on this, the agreed-upon valuation per pledged BTC was approximately $125,900—roughly a 44% discount compared to BTC’s market price at the time, which was under $70,000. Per the agreement, Bitmain is prohibited from forcibly liquidating the pledged BTC during a ~24-month redemption period. If BTC’s price exceeds the agreed valuation upon maturity, ABTC may repay in cash and reclaim the BTC, thereby locking in appreciation gains; if BTC’s price falls below the agreed valuation, ABTC may elect not to redeem and leave the BTC with Bitmain. This structure effectively grants ABTC a long-dated Bitcoin call option. As of March 31, 2026, ABTC has pledged a cumulative total of 3,090 BTC to Bitmain, with a fair value of approximately $210.8 million, corresponding to mining equipment procurement liabilities of roughly $364.3 million. These miners have already been deployed at the facility of ABTC’s parent company Hut 8 (NASDAQ: HUT) in Drumheller, Alberta, Canada.
Forbes Criticizes Eric Trump’s Bitcoin Company as an Arbitrage Tool Exploiting MAGA Investor Sentiment
According to Forbes, Eric Trump, the second son of Donald Trump, promoted his Bitcoin company American Bitcoin as a “money-printing machine,” but it is in fact an arbitrage tool exploiting MAGA investors’ sentiment. The company attracted investors through exaggerated marketing, leveraged the premium associated with the Trump brand to issue shares at inflated valuations, raised cash, and then used the proceeds to purchase Bitcoin—while ordinary investors suffered heavy losses. Since its listing in September, the company has sold approximately 158 million shares, raising roughly $351 million, and used those funds to buy approximately $390 million worth of Bitcoin. The company claims its mining cost is around $58,000 per Bitcoin, but when equipment depreciation and other expenses are included, its total cost per Bitcoin reaches approximately $90,000—higher than Bitcoin’s current market price. The company faces risks from its mining-rig financing agreements: if Bitcoin’s price does not rebound, all the Bitcoin it mines may be used to repay equipment vendors. The company employs only two full-time staff members; its stock price has plunged 92% from its peak, and investor losses are estimated at around $500 million. Eric Trump’s personal wealth increased from approximately $190 million to $280 million. In response, Eric Trump posted on X, calling Forbes “a political weapon and a disgrace to journalism.” He stated that American Bitcoin was founded just over a year ago and has been publicly listed for 7 months and 25 days. It currently holds over 7,000 Bitcoins, ranks as the world’s 16th-largest publicly traded Bitcoin company, and operates nearly 90,000 mining rigs.
American Bitcoin Director Invests $1.9 Million to Increase Company Stock Holdings
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
Tinder Co-founder and American Bitcoin Director Justin Mateen Spends $1.93M Over Two Days to Increase Stake in Company
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Tinder Co-founder and American Bitcoin Director Justin Mateen Spends $1.93M Over Two Days to Increase Stake in Company
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Trump family-backed crypto mining company American Bitcoin to release Q2 earnings report before market open on August 3rd
American Bitcoin (ABTC), a bitcoin mining company affiliated with the Trump family, announced it will officially disclose its complete second-quarter performance before the US stock market opens on August 3rd EST. At 8:30 AM on the same day, management will hold a conference call and webcast to comprehensively review core operational data, including quarterly mining output, bitcoin inventory, and operational revenue and expenditure.
Trump family-backed Bitcoin mining firm American Bitcoin increases holdings by 500 BTC
Odaily Planet Daily reported that the Trump family-backed Bitcoin mining company American Bitcoin has added 500 BTC to its holdings, bringing its total Bitcoin position to 8,000 coins. (BTCtreasuries)
American Bitcoin, backed by the Trump family, to undergo a 1:15 reverse stock split to maintain Nasdaq listing eligibility
American Bitcoin, a Bitcoin mining company and treasury firm founded by Eric Trump and Donald Trump Jr., announced it will implement a 1:15 reverse stock split next week to meet Nasdaq's minimum $1 bid price requirement.The reverse stock split will take effect after the close of trading on Thursday, and will continue trading under the ticker ABTC at the adjusted price starting Monday. Under the arrangement, every 15 shares of Class A and Class B common stock will be automatically combined into 1 share, reducing the company's total outstanding shares from approximately 1.09 billion to about 73 million. The split plan was approved at the annual shareholders meeting in June.American Bitcoin's stock price fell to an all-time low of approximately $0.64 on Wednesday, with a year-to-date decline of over 64%. The company currently holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.
Trump Family crypto mining company ABTC will implement a 1-for-15 reverse stock split to maintain listing status
According to PRNewswire, Trump family crypto mining company American Bitcoin announced it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. Following the split, its common stock will resume trading on the Nasdaq Capital Market at an adjusted price on July 6, 2026. The trading symbol will remain ABTC, but the CUSIP number will be updated.
Trump family-backed Bitcoin mining company American Bitcoin Corp board approves 1-for-15 reverse stock split
BitcoinTreasuries.NET posted on X platform that the board of American Bitcoin Corp, a Bitcoin mining company backed by the Trump family, has approved a 1-for-15 reverse stock split after obtaining shareholder approval. The company is expected to implement the reverse stock split as soon as possible.
Related news
American Bitcoin Director Invests $1.9 Million to Increase Company Stock Holdings
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
Tinder Co-founder and American Bitcoin Director Justin Mateen Spends $1.93M Over Two Days to Increase Stake in Company
Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
Bitcoin reserves increased by 14% quarter-over-quarter, with American Bitcoin holding 8,002 BTC in Q2
Odaily News: Bitcoin News posted on X platform that American Bitcoin's Bitcoin reserves increased by 14% quarter-over-quarter in Q2, reaching 8,002 BTC.
American Bitcoin President Matt Prusak Leaves, Joins AI Energy Infrastructure Company Giga Energy
According to CoinDesk, Matt Prusak, President and Interim CFO of Trump-affiliated Bitcoin mining company American Bitcoin (ABTC), announced he will officially resign on August 4 to join AI and energy infrastructure developer Giga Energy as Chief Commercial Officer and Interim CFO. Prusak stated that after "years of deep involvement in the Bitcoin business," he is shifting focus to the field of "power infrastructure that currently constrains mining and AI computing power." Headquartered in Houston, Giga Energy has delivered over 6.5GW of power infrastructure and is developing over 500MW of AI-ready data center capacity.
Trump's Son: American Bitcoin is the 16th Largest Publicly Listed Company in Bitcoin Holdings Globally
Odaily News Eric Trump, son of Donald Trump, stated that the company's Bitcoin mining firm American Bitcoin (ABTC) achieved its strongest Bitcoin production performance since its inception in Q2 2026, with the company's Bitcoin reserves now grown to approximately 8,300 BTC. Eric Trump shared data showing ABTC's key metrics at the end of Q2 are as follows:BTC Reserves: Approximately 8,002 BTC, up 14% quarter-over-quarterQuarterly Mining Output: 932 BTC, up 14% quarter-over-quarterSatoshis Per Share: 10,989 sats, up 11% quarter-over-quarterMining Revenue: Approximately $67 million, up 8% quarter-over-quarterHe noted that the company has maintained a gross margin of approximately 49% or above every quarter since its founding, and in Q2, selling, general, and administrative expenses (SG&A) accounted for only about 11% of revenue, sustaining an industry-leading low-cost structure.Eric Trump stated that despite pressure in the digital asset market, ABTC still delivered a strong quarterly performance. The company has now become the 16th largest publicly listed Bitcoin-holding entity globally and has achieved rapid expansion just 11 months after going public.The Hut 8 team has also been involved in building ABTC's related operations. The company previously disclosed that it is working to create a publicly listed company model centered on BTC asset accumulation by expanding its Bitcoin reserves and improving mining efficiency.
American Bitcoin Announces 2026 Q2 Financial Report, Bitcoin Reserves Surpass 8,000
According to the official announcement from American Bitcoin (Nasdaq: ABTC), the company reported its financial results for the second quarter of 2026. Q2 Bitcoin production reached a historic high of 932 coins, a 14% increase quarter-over-quarter; Bitcoin strategic reserves increased from 7,021 coins to 8,002 coins. Mining revenue was approximately $67 million, up 8% quarter-over-quarter; the cost to mine each Bitcoin was approximately $36,500, with gross margin remaining at approximately 50%. Although the Bitcoin price fell approximately 12% quarter-over-quarter during the period, the company's Satoshis Per Share (SPS) still increased approximately 11% quarter-over-quarter, from 9,943 to 10,989. In addition, the company completed the full energization of approximately 11,298 next-generation mining machines in April, adding approximately 3.05 EH/s of hash rate, with total hash rate reaching 28.1 EH/s.