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Trump-linked American Bitcoin posts $153 million net loss for 2025 as holdings surpass 6,000 BTC

The Block
American Bitcoin reported a $153.2 million net loss for 2025, driven by unrealized bitcoin losses, despite $185.2 million in revenue.

Summary

American Bitcoin (ABTC), co-founded by Eric Trump, reported a net loss of $153.2 million for the full year 2025, primarily due to a $227.1 million non-cash, mark-to-market loss on its bitcoin holdings under fair value accounting. Despite this, the company generated $185.2 million in revenue, reflecting growth from its expanded mining fleet. ABTC ended 2025 with 5,401 BTC, a figure that has since grown past 6,000 BTC, fulfilling its goal of accumulating bitcoin at scale. The company maintained approximately 25 exahash per second of capacity across 78,000 machines, operating in partnership with Hut 8. CEO Mike Ho emphasized a focus on disciplined execution, expanding the mining platform, and prioritizing balance sheet flexibility.

(Source:The Block)