November 14, 2025 – American Bitcoin (ABTC), the cryptocurrency firm backed by Eric Trump and Donald Trump Jr., posted a third-quarter profit that more than doubled, reflecting strong margins from its bitcoin mining and disciplined token purchases.

The company, a majority-owned subsidiary of Hut 8 Corp, reported revenue of $64.2 million for the three months ending September 30, up from $11.6 million in the same period last year. Net income reached $3.5 million, a significant turnaround from a $0.6 million loss in the prior-year quarter. Following the results, ABTC shares rose 0.6% in premarket trading.

American Bitcoin held 4,004 BTC as of November 5, with a market value of roughly $400 million based on recent trading prices. Eric Trump, the company’s co-founder and chief strategy officer, highlighted the firm’s approach:

"While others paid spot, we generated bitcoin below market through scalable, asset-light mining operations. Coupled with disciplined at-market purchases," he said.

The Trump family has been active in the crypto space through multiple ventures, including a meme coin and World Liberty Financial, a partly Trump-owned crypto company. Under the current administration, investors are anticipating a lighter regulatory approach, fueling interest in crypto investments.

American Bitcoin’s success comes amid a broader trend of growing corporate crypto treasuries, as companies increase token holdings to capture price appreciation.

As the cryptocurrency market faces volatility, ABTC’s reported performance underscores the potential profitability of strategic mining operations and disciplined acquisition in the current environment.