After three consecutive quarters of losses, stock prices fell to a standstill, and Trump mining companies fell into a listing crisis

According to Woofun AI, the US Bitcoin Company (ABTC.US) under the Trump family is facing severe financial and compliance tests. The company, co-founded by the Trump family, had its stock price plummeted by about 95% from its peak listing due to continued losses, and was even forced to implement a 1:15 reverse stock split to barely maintain its eligibility for listing on the NASDAQ.

On Monday, August 3, the company revealed its second-quarter earnings report. The data showed a net loss of 57 million US dollars, equivalent to a loss of 80 cents per share. This marks the third consecutive quarter in which it has fallen into a loss quagmire. Although from a month-on-month perspective, losses were narrower than the previous quarter's $82 million, and revenue also increased slightly from $62 million to $67 million, the market reaction was still lukewarm.

The underlying reason is that the price of Bitcoin fell 14% during the same period, directly hampering the valuation of the company's assets. In July of this year, in order to maintain its NASDAQ listing status, the company had to carry out a 1:15 reverse stock split. At the opening of the market on Monday, the stock fell about 3.3%, then rebounded with the market, rising nearly 8% during the day.

According to data compiled by Woofun AI, this sharp stock price fluctuation is in stark contrast to the deterioration of fundamentals, reflecting investors' extreme caution about pure mining models in a bear market.

In terms of business positioning, the US Bitcoin Company was co-founded by Eric Trump and Donald Trump Jr., headquartered in Miami. It is one of the few listed companies in the industry that still sticks to the pure Bitcoin mining route. When many of its peers turned to artificial intelligence infrastructure services, the company chose to go against the current trend. Eric Trump, who is the chief microstrategy officer, responded to market questions during an earnings call, pointing out that the price of Bitcoin has never skyrocketed and that the company's beliefs have not changed. As of June 30, the company held about 8,000 bitcoins, an increase of about 14% over the first quarter.

However, the spot price of Bitcoin on Monday was around $63,150, down about 45% from the same period last year, seriously suppressing asset valuations. Eric Trump specifically emphasized that the company should not be classified as a “digital asset custodian company” that buys assets at market prices. Its core advantage is that mining costs are only about half of the market price, and the scale of computing power is still expanding.

The US Bitcoin Company is only one part of the Trump family's huge crypto landscape. The family is also involved in projects such as the decentralized finance platform World Liberty Financial. According to previously disclosed documents, Trump made a profit of at least 1.4 billion US dollars from related crypto businesses last year, ranking among the highest earners in the US cryptocurrency industry.

However, for investors in US Bitcoin companies, continuous losses and deep stock price pullbacks revealed the high risk of a single mining strategy. In the context of increasing industry differentiation, whether it is possible to use cost advantages to overcome the bear market cycle is still an unresolved key variable. This is another typical example of family capital facing headwinds in the crypto-native business after many traditional mining companies failed to transform.

ABTC.US SEO Keywords: US Bitcoin Company, Trump Family, Bitcoin Mining Summary: This company, co-founded by the Trump family, has plummeted about 95% from its peak listing due to continued losses, and was even forced to implement a 1:15 reverse stock split to barely maintain its eligibility for listing on the NASDAQ.