Trump-Family Linked American Bitcoin Doubles Revenue, Posts Q3 Profit
The Trump family-backed Bitcoin miner American Bitcoin disclosed that it had more than doubled its revenue and reported a third-quarter profit.
The company also expanded its mining capacity and increased its Bitcoin (BTC) holdings to 4,004 BTC as it completed its first full quarter as a publicly traded company.
American Bitcoin Reports Q3 Profit
According to a filing with the United States Securities and Exchange Commission (SEC), the net income of the Miami-based company rose to $3.47 million, a substantial turnaround from a $576,000 loss. Revenue grew fivefold to $64.2 million. American Bitcoin became a standalone public entity after completing a merger with Gryphon Digital Mining and separating from Hut8’s mining operations. However, Hut8 retains an 80% stake in the company. American Bitcoin also added around 3,000 BTC to its holdings during the quarter, taking its total to 3,418 BTC.
According to a post on X, the company holds a total of 4,004 BTC, corresponding to 432 Satoshis per share. A Satoshi is the smallest denomination of 1 Bitcoin, representing one hundred millionth of the token.
American Bitcoin has acquired ~₿139 since the October 24, 2025 announcement, bringing total holdings to ~₿4,004 and Satoshis per Share (SPS) to ~432. Let’s keep stacking.
Speaking during a post-earnings conference call, Eric Trump stated,
Since our Nasdaq debut, we’ve added over 3,000 bitcoin to our reserves, steadily advancing among the world’s leading public bitcoin treasuries.
Eric Trump Betting Big On Crypto
Eric Trump is convinced Bitcoin and other cryptocurrencies are the future of finance and investments. Trump stated at an event,
It’s the greatest hedge against inflation … against corruption … against poorly managed monetary systems around the world. That’s why you see this global influx into bitcoin. It’s probably become the greatest asset of our time.
He also added that he had zero concerns about the recent selloff, which saw Bitcoin slump below $100,000 to a low of $95,000. Trump also described American Bitcoin’s merger with Gryphon Digital Mining as a way to scale operations. However, critics of the merger have warned that the deal could leave the company and its investors at the mercy of crypto’s wild price swings.
Treasury Push
American Bitcoin shares rose soon after the results were published. However, shares fell 1.3% as Bitcoin began losing momentum. Stocks of such companies generally move in line with the token, as price shifts directly impact the reserve’s value. Cryptocurrency prices across the board have recorded a sharp decline as investors shy away from risk assets. Bitcoin fell below $100,000 on Thursday and fell to $95,000 on Friday.
However, crypto treasury companies have registered a sharp jump, driven by President Trump’s promise to make the US a global leader in crypto. President Trump has faced criticism for his pro-crypto stance, with government ethics experts and political opponents flagging concerns about potential conflict of interest.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.