American Bitcoin, linked to Trump family, sees value plummet over 90%

American Bitcoin, a BTC mining firm formed by Hut 8 and led by Eric Trump and Donald Trump Jr., has lost approximately 92% of its value since its reverse merger. While BTC has declined by about 25% in the same period, the firm has struggled significantly, reporting a net loss of over $150 million in 2025 and an additional $138 million in the first half of 2026. The company, which markets itself as a BTC accumulation platform, faces ongoing financial pressure linked to the volatility of BTC prices.