Trump brothers-backed American Bitcoin swings to quarterly loss amid crypto selloff

Feb 26 (Reuters) - American Bitcoin, backed by 2 of U.S. President Donald Trump's sons, swung to a fourth-quarter nonaccomplishment connected Thursday amid ‌a weakness successful the integer assets space.

Concerns implicit stretched valuations successful ‌artificial-intelligence stocks and uncertainty astir the timing and standard of U.S. Federal Reserve complaint cuts person ​pressured hazard assets, dragging bitcoin to quarterly lows and leaving galore alleged integer plus treasury (DAT) companies connected an unsteady footing.

American Bitcoin, a miner of the world's largest cryptocurrency, sells it astatine a premium oregon holds for a surge successful ‌the price. However, successful the ⁠reported 4th the assemblage saw a selloff with bitcoin tumbling astir 23% successful the 3 months.

The institution runs industrial-scale mining ⁠operations, relying mostly connected infrastructure provided by Hut 8 to nutrient bitcoin astatine costs beneath prevailing marketplace prices.

Stocks of crypto treasury companies typically determination successful enactment with ​the token's ​price arsenic shifts successful prices straight ​affect the worth of reserves.

Shares of ‌American Bitcoin, which was co-founded by Eric Trump and wherever Donald Trump is simply a stockholder, person mislaid astir 22% successful the past 12 months.

Sustained unit connected the shares of crypto treasury companies could complicate the quality of these firms to rise further superior to excavation much crypto tokens astatine an concern ‌scale, the crux of their concern model.

The ​company, however, holds implicit 6,000 bitcoin presently, up ​from the 5,401 they held ​at 2025 year-end, Eric Trump said successful a statement.

The institution ‌posted a nett nonaccomplishment of $59.45 cardinal ​in the 4th ​quarter, compared with a $3.48 cardinal nett successful the twelvemonth agone period. The institution had besides reported a nett successful the erstwhile quarter.

American Bitcoin reported ​revenue of $78.3 cardinal successful ‌the 3 months ended December 31, compared with $64.2 cardinal successful the ​prior-year period. Analysts were expecting gross of $79.6 million.

(Reporting by Pritam Biswas ​in Bengaluru; Editing by Shailesh Kuber)