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BTC Trump-backed bitcoin treasury and mining company American Bitcoin (ABTC) is still at a loss in the second quarter of 2026
Although its performance has improved from the previous quarter, Trump-backed bitcoin treasury and mining company American Bitcoin (ABTC) still ended in a loss in the second quarter of 2026. For the three months ended June 30, the company's net loss was $57.2 million, down from approximately $82 million in the first quarter.
U.S. Bitcoin mining revenue reached US$67 million in the second quarter
U.S. Bitcoin achieved US$67 million in mining revenue in the second quarter, up from US$62.1 million in the previous quarter. An increase of approximately 8%. The company also reported a 14% increase in its Bitcoin treasury holdings.
Its operating loss was US$74.1 million, the largest of which was a loss on digital assets, which was reported to have reached US$71.1 million. Mike Ho, CEO of Bitcoin in the United States, cited Bitcoin's market performance as a factor in the quarter's loss. During the quarter, Bitcoin prices fell by about 11%.
Ho said: "Although Bitcoin faced headwinds in the second quarter, we remained focused on controllable factors." During the quarter, Bitcoin holdings in the United States increased to more than 8000, an increase of 14% from 7021 bitcoins in the first quarter. The company's mining production also increased to 932 bitcoins, up from 817 bitcoins in the first quarter of 2026, setting a record for its quarterly production.
ABTC shares rose 1.08% to $5.58 per share after the quarterly results were announced.
U.S. Bitcoin undergoes reverse stock split
Last month, Bitcoin in the United States announced that it would conduct a reverse stock split to reduce the number of outstanding shares from approximately 1.09 billion shares to approximately 73 million shares. The company decided to reverse split on a 1:15 ratio to avoid being delisted if its share price fell below the Nasdaq listing threshold. Previously, several other Bitcoin Treasury companies also carried out reverse stock splits for similar reasons. In May this year, Satoshi Nakamoto (Nasdaq: NAKA) implemented a 1-to-40 reverse stock split after its share price fell to US$0.15, reducing the outstanding shares from 696 million shares to approximately 17.4 million shares.
According to Bitcoin Treasury data, Bitcoin in the United States is still the 16th largest Bitcoin Treasury company, with a total holding of 8300 bitcoins.
