American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., swung to a Q3 2026 net income of $126 million, reversing a $57.2 million loss from the previous quarter. The profit was primarily driven by approximately $197 million in digital asset gains, while revenue declined to $63.4 million from $67 million in Q2.
The company held about 8,427 BTC as of September 30, up roughly 425 coins from the end of June, with approximately 3,090 BTC pledged to Bitmain. ABTC mined around 891 BTC during the third quarter, though the cost per coin rose to approximately $42,100. ABTC shares closed down 5.60% on Wednesday at $6.24.
American Bitcoin Posts $126M Q3 Net Income, Reversing Prior Quarter's Loss
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