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American Bitcoin, a subsidiary of Hut 8, has seen its market capitalization plummet by over 90% since its reverse merger, significantly exceeding BTC's 25% decline during the same period.
American Bitcoin, a Bitcoin miner under Hut 8, has seen its market capitalization plummet by approximately 92% since its reverse merger listing (adjusted for reverse stock split), significantly exceeding Bitcoin's (BTC) roughly 25% decline over the same period. Eric Trump serves as the company's Chief Strategy Officer, and Donald Trump Jr. is a Senior Advisor. American Bitcoin reported a net loss of over $150 million in 2025 and an additional net loss of $138 million in the first half of 2026.
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