Trump-backed Bitcoin firm's revenue soars 159%—but its stock keeps crashing
American Bitcoin Corp. (NASDAQ: ABTC) has reported a sharp rise in revenue, yet its stock continues to fall. The company, co-founded by Eric Trump and Donald Trump Jr., saw a 159% yearly increase in earnings for Q4 2025. However, concerns over security breaches and ethical issues have overshadowed its financial growth.
The Trump family's involvement in the firm has also drawn attention, particularly due to their roles in World Liberty Financial (WLFI), a related crypto venture.
American Bitcoin Corp. announced a 159% year-on-year revenue jump in Q4 2025, reaching $78.3 million. This marks a 22% increase from the previous quarter. Despite this growth, the company recorded a net loss of $59.5 million, blamed on crypto market instability.
The firm's Bitcoin reserves have grown by over 60%, now holding more than 6,235 BTC. This places it as the 17th largest publicly traded Bitcoin holder globally. Yet, its stock has dropped 3.33% in a single day and 75.8% since the start of the year.
The Trump family's financial ties to WLFI have raised further questions. Reports suggest their earnings from WLFI alone exceed ten times their real estate income, sparking debates over conflicts of interest. Additionally, hackers allegedly exploited co-founder accounts and the Trump campaign website to manipulate markets and promote fake tokens.
In 2025, the US Senate launched an investigation into WLFI token transfers. Suspicious transactions linked the company to Iran, Russia, the Lazarus Group, and crypto mixer Tornado. These developments have intensified scrutiny over the company's security and ethical practices.
American Bitcoin Corp. faces a mixed outlook despite its revenue surge. The company's financial losses, stock decline, and ongoing investigations into WLFI's activities present significant challenges. Regulators and investors continue to monitor the situation closely as ethical and security concerns persist.
