Trump-backed American Bitcoin posts $57m loss but grows its BTC treasury

American Bitcoin, backed by the Trump family, reported a $57.2m net loss for the second quarter, improving from a previous $81.8m loss. Mining revenue increased 8% to $67m, with a record 932 bitcoin produced. The company continues an aggressive BTC treasury strategy, increasing holdings by 300 BTC to a total of 8,300 BTC. This accumulation strategy avoids selling, potentially influencing market liquidity and price volatility while seeking to enhance long-term value for the firm.