Trump-Linked American Bitcoin Plummets 92% in Value Since Public Listing

America's Bitcoin has lost over 90% of its value since it became publicly listed through a reverse merger. The firm, owned by Hut 8, was formed with Eric Trump as chief strategy officer and Donald Trump Jr. as senior adviser.

The company claims to be 'a pure-play BTC accumulation platform that integrates scaled BTC mining operations with disciplined accumulation strategies', but its performance has been disastrous, far outpacing the decline of Bitcoin itself.

During this time, American Bitcoin reported net losses of over $150 million for 2025 and an additional $138 million in the first six months of 2026, largely due to falling BTC prices.