Business1 source
American Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain
Headline from Unchained
Key points
- American Bitcoin reported a quarterly profit of $126 million, which was primarily driven by a $197.3 million accounting gain on its bitcoin treasury holdings.
- Without this paper gain, the bitcoin mining company co-founded by Eric Trump would have posted a pre-tax loss of roughly $70 million as output, revenue, and profit margins all declined compared to the second quarter.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Coins mentioned
Sources
- UnchainedAmerican Bitcoin’s $126 Million Quarterly Profit Comes From Its Bitcoin Treasury Gain · 2 hours agoRead on Unchained
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