American Bitcoin Corp., a cryptocurrency miner backed by the Trump family, reports another quarterly loss. Bloomberg says the company posts a third consecutive quarterly loss, with the downturn attributed to a decline in the value of its bitcoin holdings. Moneyweb similarly links the loss to a decrease in the value of those assets. The company launched last year shortly before bitcoin fell from record highs, and it is now operating through continued market weakness reflected in its balance-sheet exposure to the value of held cryptocurrency. Across both reports, the central point is that the loss in the second quarter is driven by changes in the value of holdings rather than by a different primary business factor. The reports also indicate that performance in recent quarters has remained negative, with the latest result extending an ongoing streak of quarterly losses. No other major operational changes are cited in the provided accounts.