According to Bloomberg, the stock price of American Bitcoin, co-founded by Eric Trump, has dropped over 95% from its peak. Over the past 10 months, the market value of its approximately 6% stake has shrunk by more than $600 million. This week, the company implemented a 1-for-15 reverse stock split to maintain its Nasdaq listing qualification, with the stock hitting a record low on Wednesday. American Bitcoin remains committed to its Bitcoin mining and accumulation strategy, adding another 500 BTC on Monday, bringing its holdings to over 8,000 BTC. In Q1, the company reported a $117.2 million impairment loss on its Bitcoin reserves, resulting in an operating loss of $118.2 million. https://(wublock123.com)/news/bloomberg-american-bitcoin-stock-down-95-eric-trump-loss-600m-64490