American Bitcoin Corp. (ABTC), the Trump family-backed Bitcoin treasury and mining company, saw its stock price tumble more than 9% after releasing its latest quarterly earnings report. Despite significantly increasing its Bitcoin holdings, investors reacted negatively to the companys widening financial losses and weak overall performance. ABTC reported a net loss of nearly $82 million for the quarter, overshadowing its aggressive Bitcoin accumulation strategy. The company added around 1,600 BTC during the quarter, bringing its total Bitcoin reserves to approximately 7,500 BTC. Eric Trump,… Read more
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