Trump Brothers' American Bitcoin Posts Q3 Profit More Than Doubled
American Bitcoin, a company supported by two of former U.S. President Donald Trump's sons, reported on Friday that third-quarter profit more than doubled. The company attributed the jump to higher profit margins tied to its combined business of mining Bitcoin and purchasing the asset directly, saying the mix improved overall returns for the period. This result matters because it underscores the potential profitability of integrated mining-and-hold strategies and could draw investor attention to politically connected crypto firms. While the filing did not provide full operational details in the summary, the stronger margins signal resilience in a competitive mining sector and may influence how market participants view other miners and BTC-linked public companies.