Overview
- The stock has plunged more than 95% from its 2025 peak and hit a record low this week, forcing a 1-for-15 reverse split to keep the company listed on Nasdaq.
- Bloomberg calculations estimate that Eric Trump’s roughly 6% stake has lost more than $600 million in market value, a paper decline tied to the share-price collapse rather than confirmed cash losses.
- American Bitcoin reported a $118.2 million operating loss in Q1 after marking down its Bitcoin treasury by about $117.2 million, yet the company continued to add coins to its holdings.
- The firm remains committed to mining and building a Bitcoin treasury and has limited ability to pivot because most power, hosting and operations are run under exclusive service agreements with majority owner Hut 8.
- The slump has heightened public scrutiny because the venture is tied to members of the presidential family and follows broader market shifts that rewarded miners that repurposed capacity for AI and data-center work.