Eric Trump’s American Bitcoin Banks $126M Profit—But ABTC Shares Dive
By Jamie Redman
American Bitcoin Corp., the bitcoin mining company co-founded by Eric Trump, reported approximately $126 million in third-quarter net income and $221 million in adjusted EBITDA, reversing losses from the preceding quarter. The Nasdaq-listed company expanded its holdings to 8,427 BTC, ranking 13th among publicly traded…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
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