Key Highlights
- American Bitcoin reported a $153.2 million yearly loss, mainly because the value of its Bitcoin holdings fell.
- The company still grew operations, generating $185.2 million in revenue and increasing its mining production.
- American Bitcoin continued its strategy of mining and holding over 6,000 BTC, even as the crypto market remained unstable.
American Bitcoin Corp. entered 2025 with strong momentum from the crypto market rally, but its latest financial results show how conditions changed as prices pulled back.
The company, backed by the Trump Family and co-founded by Eric Trump, reported large losses after the value of its digital asset reserves dropped during the recent market crash that saw Bitcoin drop to $65K.
According to the figures released on Thursday, the company recorded a $59 million loss in the fourth quarter and a $153.2 million net loss for the full year. This loss was due to a $227.1 million unrealized loss linked to accounting adjustments on its crypto holdings, meaning the decline reflected market price changes rather than direct operational spending.
Steady revenue from mining operations
Despite the losses, the company’s mining activity expanded steadily. American Bitcoin generated $185.2 million in revenue in its first full year as a standalone public company and reported $78.3 million in fourth-quarter revenue, up 22% from the previous quarter.
The firm said the improvement came from expanding its mining efficiency across its facilities.
Mine-and-hold strategy
American Bitcoin continued its strategy of holding most of the coins it mined instead of selling them quickly. By the end of 2025, the company held 5,401 BTC, later increasing that amount to more than 6,000 BTC.
Eric Trump described the plan as a long-term approach to building reserves. “By year-end, we held 5,401 BTC on the balance sheet, and that figure has since grown to more than 6,000 BTC,” he said.
During the year, the company mined 1,654 BTC, including 783 BTC in the fourth quarter alone. About one-third of its total holdings came from mining, while the remaining portion was bought through market transactions.
Mining sector shift to AI
America Bitcoin’s approach is different from that of some other mining companies. Firms like MARA Holdings and Riot Platforms have started shifting part of their operations toward artificial intelligence infrastructure or adjusting how they manage their reserves to reduce exposure to price swings.
For instance, another mining firm, Bitdeer, recently sold all its Bitcoin holdings to shift to AI. The company reported that the money would be used for “data center expansion, AI cloud growth, mining hardware development, and general corporate needs.”
American Bitcoin’s results came after its earlier public listing on Nasdaq and amid a slowdown in crypto ventures tied to the Trump family, including World Liberty Financial, whose stablecoin was recently attacked.
The company said it remains focused on expanding its mining business and growing its digital reserve despite the volatility of the market.
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