American Bitcoin (ABTC) posted a second-quarter net loss after bitcoin prices fell, but received a positive market assessment on the back of larger holdings and increased mining output. The company’s shares rose more than 5 percent after the earnings release, reflecting investors’ expectations for its bitcoin accumulation strategy.

According to blockchain outlet Bitcoin Magazine on Aug. 3 local time, Nasdaq-listed American Bitcoin increased its bitcoin holdings to 8,002 at the end of the second quarter from 7,021. At current bitcoin prices, the value of its holdings exceeded $510.6 million, and Bitcoin Treasuries data ranked it 16th globally among companies by bitcoin holdings.

American Bitcoin shares rose more than 5 percent in the New York stock market as of the afternoon that day. The market was seen as focusing on the company’s continued expansion of bitcoin reserves rather than short-term earnings deterioration.

Financial results were weak. American Bitcoin’s net loss for the second quarter of 2026 was tallied at $57.2 million. That compared with net profit of $3.4 million in the same period a year earlier, marking a swing to loss. The company said valuation losses from the bitcoin price decline were the main cause.

Mining performance improved. American Bitcoin said it mined about 932 bitcoins in the second quarter, a record quarterly output. It said expanded mining infrastructure and improved production efficiency led to a rise in holdings.

Eric Trump (에릭 트럼프), American Bitcoin co-founder and chief strategy officer, stressed that his long-term conviction in bitcoin had not changed. "Our goal is to continue sustained growth each quarter and, over the long term, build a leading U.S. bitcoin company," he said.

Chief Executive Mike Ho (마이크 호) also said the company focused on areas it could control even in a difficult market environment. "Despite headwinds in the second quarter, we achieved record quarterly production and expanded our strategic bitcoin reserves to more than 8,000," he said, adding it would continue to strengthen its infrastructure advantage and pursue balance-sheet improvement and bitcoin accumulation per share.

American Bitcoin’s strategy also contrasts with recent moves by listed miners. Since last year, increased bitcoin price volatility, rising mining costs and higher difficulty have led some mining companies to shift toward high-performance computing (HPC) and data center businesses targeting the artificial intelligence (AI) industry.

American Bitcoin, however, remains focused on bitcoin production through mining and expanding its holdings. The company is also known as a firm in which the sons of U.S. President Donald Trump are involved as key figures, and is a majority-owned subsidiary of Hut 8. The results worsened in profit and loss terms, but the market focused on other indicators, including increased bitcoin accumulation and a record production figure. The share rise was also seen as reflecting such expectations.

The key question going forward is how sustainably the mining-centered strategy can translate into results amid bitcoin price moves. Whether bitcoin prices recover, and whether American Bitcoin can maintain both expanded production and financial stability, are expected to be key points to watch.