Trump brothers-backed American Bitcoin swings to quarterly loss amid crypto selloff
Bitcoin
Feb 26 : American Bitcoin, backed by two of U.S. President Donald Trump's sons, swung to a fourth-quarter loss on Thursday amid a weakness in the digital assets space. Concerns over stretched valuations in artificial-intelligence stocks and uncertainty around the timing and scale of U.S. Federal Reserve rate cuts have pressured risk assets, dragging bitcoin to quarterly lows and leaving many so-called digital asset treasury (DAT) companies on an unsteady footing. American Bitcoin, a miner of
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