Login
Sign Up
Woofun AI reports that American Bitcoin, the Trump family-affiliated mining firm, executed a 1:15 reverse stock split to maintain Nasdaq listing, yet its share price remains down 95% from all-time highs. Data indicates the company posted an operating loss of $118.2 million in Q1, primarily driven by Bitcoin impairment charges. Eric Trump’s 6% stake has seen its book value decline by over $600 million in ten months. ABTC now holds more than 8,000 BTC after acquiring roughly 500 additional coins. Persistent financial strain and potential delisting risks may compel the firm to liquidate digital assets to service debt.