American Bitcoin Reports $59.45M Q4 Loss as Bitcoin Drop Hits Balance Sheet

American Bitcoin Corp. (Nasdaq: ABTC) reported a net loss of $59.45 million for Q4 2025, a sharp reversal from a $3.48 million profit in Q4 2024; the company recorded a $227.1 million non‑cash mark‑to‑market loss on its digital asset holdings after bitcoin fell about 23% during the quarter, and revenue for the period was $78.3 million, up roughly 22% year over year ^[1][3].

The Trump family‑linked miner said its bitcoin treasury topped 6,000 BTC, with roughly one‑third of the coins acquired through mining and about two‑thirds bought on the open market or obtained via strategic transactions ^[2][3].

Coverage notes the loss was largely driven by accounting‑period markdowns under updated FASB rules that revalue digital assets on the balance sheet; the result contrasts with rising revenue and an ongoing accumulation strategy even as some industry peers pivot business lines or trim treasuries ^[1][3][4].

In short, ABTC’s Q4 results reflect a non‑cash hit from bitcoin’s price fall despite revenue growth and continued BTC accumulation, leaving the company with a larger public bitcoin treasury but a materially lower reported profit for the quarter ^[1][2][3].