Trump-Linked Bitcoin Miner Falters
A Bitcoin mining company with ties to the Trump family has seen its market value fall by approximately 90% since September. The decline has occurred amid a broader slump in the digital-asset market.
The company at the center of the downturn is American Bitcoin Corp. (ABTC), which counts Eric Trump as a co-founder and chief strategy officer. While competitors diversified, ABTC pursued a "pure mining-and-hoarding" strategy, holding onto all the Bitcoin it mined. The firm reported a $59 million net loss for the fourth quarter of 2025. For the full year, unrealized losses on its crypto holdings ballooned to $227 million, contributing to an annual net loss of $153.2 million. This strategy of holding assets proved costly as Bitcoin's price fell from a peak of over $126,000 to around $70,000. The company's balance sheet has grown to more than 6,000 BTC, with about a third of it coming from its own mining operations. The broader Bitcoin mining industry has faced similar pressures, but many major players like MARA Holdings and Riot Platforms have pivoted toward providing infrastructure for artificial intelligence to create new revenue streams. MARA still reported a significant fourth-quarter net loss of $1.71 billion, largely due to marking down the value of its digital assets. Other digital asset ventures linked to the Trump family have also faltered. The token for World Liberty Financial, a decentralized finance platform, has dropped 65% since its September launch, while a memecoin associated with President Trump has fallen by 72% since it began trading.
