Business1 source
Eric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains
Headline from The Block
Key points
- American Bitcoin, a digital asset company associated with Eric Trump, reported a significant financial turnaround for the third quarter.
- The firm achieved a net income of $126 million during this period.
- This performance marks a swing into profitability compared to the previous quarter, when the company recorded a net loss totaling $57.2 million.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Coins mentioned
Sources
- The BlockEric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains · 1 hour agoRead on The Block
Story timeline
- Bitcoinist1 min read
Bitcoin Price Recovery: BTC Reclaims $80K as Election Uncertainty Fades — Is $85K Next?
- Cointelegraph1 min read
Bitcoin, Ether ETFs draw $128M as crypto rebounds after midterms
- Crypto Briefing1 min read
American Bitcoin reports Q3 mining revenue of $63.4M, swings to $126M profit
- Crypto Briefing1 min read
Spot Bitcoin ETFs see $75M in net inflows as BlackRock’s IBIT sheds $201M
- CoinDesk1 min read
Bitcoin holds above $80,000 as Zcash jumps 12% in post-election crypto rebound
Share
Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.