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CryptoWorld News reports, according to Bloomberg, that the Bitcoin mining company American Bitcoin Corp., supported by the Trump family, recorded losses for the second consecutive quarter, with a net loss of approximately $82 million in the first quarter of 2026, up from $59 million in the previous quarter. Revenue declined by about 20% year-over-year to $62 million, mainly due to a decrease in average revenue per mined Bitcoin and a drop in Bitcoin holdings value. The company stated that in the first quarter, it added approximately 1,600 BTC, increasing its Bitcoin holdings by about 30%, and continued to buy and hold through Treasury purchases. Since American Bitcoin listed on NASDAQ in September 2025, its stock price has fallen nearly 90% from its peak.