Trump-Backed American Bitcoin Approves Reverse Split to Stay Listed

Bitcoin miner American Bitcoin Corp. (ABTC) is backed by members of the Trump family. Its financial health is closely watched as an indicator tied to the broader crypto market. With the company’s shares down more than 95% from their peak, investors are focused on its operational crisis. Any forced sale of its more than 8,000 Bitcoin would create heavy selling pressure in a market where Bitcoin has already fallen below $63,000.

ABTC carried out a 1-for-15 reverse stock split in early July 2026 to maintain its Nasdaq listing as it sought to address a financial crisis that included a first-quarter loss of $118.2 million. The move failed to ease selling pressure. As of mid-July, its more than 8,000 Bitcoin remained at risk of liquidation at any time, while the value of the Trump family members’ 6% stake had fallen by more than $600 million in 10 months.

American Bitcoin (NASDAQ: ABTC), co-founded by Eric Trump and Donald Trump Jr., focuses on Bitcoin mining and asset accumulation. It went public on September 3, 2025, through a merger with Gryphon Digital Mining. The Trump family name has drawn market attention while putting the company’s operating efficiency, equity dilution and risks to retail investors under scrutiny.

On April 28, 2026, Forbes estimated that retail investors had lost about $500 million since ABTC’s listing and questioned its profit model. Eric Trump responded the same day, saying the company held more than 7,000 BTC, operated about 90,000 mining machines and had 28 EH/s of computing power, making it the 16th-largest publicly traded Bitcoin holder. He also alleged that Chinese capital had influenced the report but provided no evidence of interference in the editorial process.

American Bitcoin (Nasdaq: ABTC), backed by Eric Trump and Donald Trump Jr., combines bitcoin mining with a digital-asset reserve strategy. After its holdings surpassed 6,500 BTC, the company overtook Mike Novogratz's Galaxy Digital to rank 17th among publicly traded companies worldwide by bitcoin holdings, reflecting the Trump family's continued expansion into cryptocurrency.

Eric Trump announced that ABTC's holdings had exceeded 6,500 BTC after the company added more than 500 BTC over the previous 21 days. Its holdings subsequently grew to about 7,000 BTC. American Bitcoin also plans to purchase more than 10,000 new mining machines to expand its US mining infrastructure, but reports did not provide the exact dates or values of the announcement and purchase.

American Bitcoin (ABTC) is a Trump family-backed Bitcoin miner whose operating performance is heavily influenced by Bitcoin prices, mining costs and asset revaluations. The company holds more than 6,000 Bitcoin. Its financial results reflect not only the state of its mining operations but also serve as a key gauge of the Trump family’s cryptocurrency interests.

American Bitcoin reported a net loss of $59.5 million for the fourth quarter of 2025. Although revenue rose 22% from the third quarter of 2025, the increase was not enough to offset the impact of revaluing its digital assets. The company consequently recorded a substantial loss for the full year of 2025, underscoring the effect of its Bitcoin-holding strategy on earnings volatility.

American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, combines in-house mining with open-market purchases to expand its Bitcoin reserves. Because its assets and earnings are closely tied to BTC prices, the fourth-quarter decline reduced the value of its holdings and amplified swings in its financial results, making the company a notable case study in the risks of corporate Bitcoin strategies.

American Bitcoin reported a fourth-quarter loss of $59 million as a sharp drop in Bitcoin prices eroded the value of its holdings. The company held more than 6,000 BTC at the end of the quarter and continued to pursue its dual growth strategy of mining and open-market purchases, accumulating more Bitcoin despite price volatility.