Woofun AI reports that American Bitcoin shares have declined more than 95% from their peak, causing the market value of Eric Trump’s approximately 6% stake to shrink by over $600 million in ten months. The firm executed a 1-for-15 reverse stock split this week to retain Nasdaq listing status, with the stock hitting a record low on Wednesday.

American Bitcoin maintains its Bitcoin mining and accumulation strategy, acquiring an additional 500 BTC on Monday to raise total holdings above 8,000 BTC. The company recorded a $117.2 million impairment on its Bitcoin reserves in the first quarter, leading to an operating loss of $118.2 million.