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 the world’s largest cryptocurrency, sells it at a premium or holds for a surge in the price. However, in the reported quarter the sector saw a selloff with bitcoin tumbling nearly 23 per cent in the three months.

The company runs industrial-scale…