Trump-related American Bitcoin has lost more than 90% of its value

What happened

Trump-led American Bitcoin has lost more than 90% of its value since its reverse merger, far outpacing the 25% that BTC has declined. Hut 8-owned BTC mining firm, American Bitcoin, has dramatically underperformed BTC since its reverse merger which allowed it to become publicly listed.

American Bitcoin has lost approximately 92% of its value (after accounting for its reverse stock split) since its merger. BTC by comparison has lost a mere quarter of its value.

More specifically, Eric Trump served as chief strategy officer during this >90% decline. provides advice to the firm in his role as senior adviser.