Summary
- American Bitcoin said that third-quarter revenue was $64.2 million, a 453% increase year-on-year.
- The company is said to boast efficient mining infrastructure and a long-term Bitcoin accumulation strategy.
- During the third quarter, it additionally secured more than 3000 bitcoin, bringing its total holdings to 3418 BTC.
Crypto Briefing reported on the 14th (local time) that American Bitcoin, a Nasdaq-listed U.S. Bitcoin (BTC) mining company, recorded revenue of $64.2 million in the third quarter this year, a 453% increase year-on-year.
American Bitcoin is a company that touts efficient mining infrastructure and a long-term Bitcoin accumulation strategy. It is also known that Eric Trump, the second son of President Donald Trump, directly founded the company, and Donald Trump Jr., the eldest son, participated as a shareholder.
The company has been pursuing an aggressive accumulation strategy alongside recent production expansion. During the third quarter, it secured more than 3000 bitcoin, bringing its total holdings to 3418 BTC at the end of the quarter.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)