American Bitcoin reports Q1 loss as Eric Trump highlights JPMorgan's Bitcoin shift and crypto growth potential.

American Bitcoin reported a loss of $0.08 per share and $62.12 million in revenue for Q1, missing analyst expectations and marking its second consecutive quarterly loss. Despite this, co-founder Eric Trump emphasized JPMorgan's rapid shift from dismissing Bitcoin to embracing it as collateral, calling it a major win for crypto adoption. Trump remains optimistic about institutional cryptocurrency growth and American Bitcoin's strategy to accumulate Bitcoin at low costs, with the company now holding 7,000 BTC valued at $566 million. Bitcoin prices hovered around $81,058 during the report, with American Bitcoin shares slightly down in after-hours trading.