American Bitcoin posts $57.2 million Q2 loss while its Bitcoin stash tops 8,000
- American Bitcoin reports a $57.2 million net loss for the second quarter of 2026.
- The company’s Bitcoin treasury increased 14% from Q1’s record.
- The firm also saw a record high in quarterly mined BTC.
The Trump-backed Bitcoin treasury and mining American Bitcoin (ABTC) ended Q2 2026 at a loss, despite better results than in the previous quarter.
The company posted a net loss of $57.2 million in the three months to June 30, down from roughly $82 million reported in Q1.
American Bitcoin generated $67.0 million in mining revenue in Q2, approximately 8% increase from $62.1 million in the previous quarter.
American Bitcoin reports 14% increase in Bitcoin treasury
Its operating loss was $74.1 million, with the largest being the loss on digital assets, which was reported to be $71.1 million.
American Bitcoin’s CEO Mike Ho pointed to Bitcoin’s market performance as a factor behind the quarter’s loss. The price of Bitcoin fell about 11% in the three months of the quarter.
“Despite Bitcoin headwinds in Q2, we stayed focused on what we can control,” Ho said.
American Bitcoin increased its Bitcoin holdings to over 8,000 in the quarter, up 14% from the 7,021 BTC reported in Q1.
The company’s mining production also increased to 932 BTC, from 817 BTC in Q1 2026, marking its highest quarterly production on record.
Following the quarterly results, ABTC trades up 1.08% to $5.58 per share.
American Bitcoin conducts a reverse stock split
Last month, American Bitcoin announced it would conduct a reverse stock split to reduce outstanding shares from roughly 1.09 billion to about 73 million, Cryptopolitan reported.
The firm decided on a 1-for-15 reverse split to avoid being delisted from Nasdaq after its shares fell below the listing threshold.
Several other Bitcoin treasury companies had also conducted reserve stock splits for similar reasons to American Bitcoin.
In May, Nakamoto (NASDAQ: NAKA) executed a 1-for-40 reverse stock split after its shares collapsed to $0.15. The move reduced the outstanding shares from 696 million to about 17.4 million.
American Bitcoin remains the 16th-largest Bitcoin treasury firm, with 8,300 BTC in total holdings, according to Bitcoin Treasuries.
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FAQs
How much did American Bitcoin lose in Q2 2026?
American Bitcoin reported a net loss of $57.2 million for the quarter ended June 30, 2026, along with a $74.1 million operating loss and negative adjusted EBITDA of $45.0 million.
How much Bitcoin does American Bitcoin now hold?
The company grew its holdings from about 7,021 BTC at the end of March to roughly 8,002 BTC by June 30, 2026, an increase of around 981 coins, or about 14% in a single quarter.
Why did American Bitcoin do a reverse stock split?
American Bitcoin ran a reverse stock split effective July 2, 2026 to push its share price back above Nasdaq's $1.00 minimum bid requirement, after the stock had fallen more than 95% from its post-IPO high of $14.65.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Ibiam Wayas
Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.
