Trump-linked American Bitcoin has lost more than 90% of its value
- —American Bitcoin has lost about 92% of its value since the reverse merger
- —Bitcoin lost only about a quarter of its value over the same period
- —Net loss for 2025 exceeded $150 million
- —The company added $138 million in net losses in the first half of 2026
Why it matters: The collapse of a publicly listed BTC treasury company highlights the risks of a model tied to bitcoin's price and a political brand.
Source: Protos