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VP_Spiro_T_CheneyBitcoin miner American Bitcoin faces $59M loss — can Trump-backed crypto venture survive 90% stock crash and Bitcoin price slump in 2026?
$59 million in quarterly losses and a 90% stock crash define the latest blow to Bitcoin miner American Bitcoin. The Trump-backed crypto venture also reported a $227 million unrealized Bitcoin reserve loss as Bitcoin price volatility shook the 2026 crypto market.
Shares plunged as Bitcoin fell from $126,000 to near $60,000. With Bitcoin price volatility shaking the entire crypto mining industry in 2026, investors are asking one urgent question: can American Bitcoin Corp. recover, or is this the beginning of a structured collapse?
Ha, Ha!
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:Nelson:
They bought 4,000 of their 6,000 Bitcoin at the top off the market…
“ The company, which went public in September, less than a month before the largest cryptocurrency hit a record high, is pursuing a dual strategy of mining and purchases, with roughly one-third of its BTC coming from mining operations. The rest comes from open-market purchases and strategic transactions, funded in large part by selling stock.”
https://youtube.com/shorts/jEBnrzNuUSA? … NmUO5HegeP
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