As the cryptocurrency landscape continues to evolve, American Bitcoin (NASDAQ: ABTC), supported by Eric Trump and Donald Trump Jr., made significant strides in the third quarter of the year.
The Surge in Revenue and Profitability
Revenue Growth and Operational Success
American Bitcoin witnessed a remarkable 453% surge in revenue, reaching $64.2 million in Q3. This impressive growth was accompanied by a substantial increase in net income, soaring to $3.47 million. This positive trend marked a stark contrast to the $576,000 loss reported in the same period the previous year.
Strategic Mining Expansion
Based in Miami, American Bitcoin transitioned into a standalone public entity following its spin-off from Hut 8 and subsequent merger with Gryphon Digital Mining. Through aggressive expansion efforts, the company bolstered its mining capacity by approximately 2.5 times to 25 exahash per second (EH/s), achieving operational efficiency at 16.3 joules per terahash (J/TH).
The Treasury Growth and Long-Term Vision
American Bitcoin didn't just stop at mining; the company also focused on treasury management. By accumulating over 3,000 BTC in Q3, the firm closed the quarter with 3,418 BTC. The dedication to building a robust Bitcoin portfolio continued, with holdings reaching 4,004 BTC by the current month, translating to 432 satoshis per share.
Eric Trump underlined the importance of a dual strategy centered on both production and accumulation, ensuring sustained value creation amidst market fluctuations.
As Eric Trump succinctly put it, "Just getting started! @ABTC," hinting at a promising trajectory for the firm.
Despite encountering a minor setback with a more than 13% drop in ABTC shares during pre-market trading on Friday, mirroring a broader market correction as Bitcoin prices dipped below $95,000, American Bitcoin's solid foundation and strategic vision continue to attract investor interest.
With its growing mining output, operational efficiency, and expanding Bitcoin treasury, American Bitcoin emerges as a key player in the digital asset realm, showcasing a strong institutional focus and growth-oriented approach amidst market volatility.
American Bitcoin's Merger Highlights
Strategic Merger for Market Advancement
In a significant move back in September, American Bitcoin Corp. finalized a stock-for-stock merger with Gryphon Digital Mining, establishing a Nasdaq-listed Bitcoin accumulation platform. This strategic alignment, predominantly owned by Hut 8, seamlessly integrated mining activities with targeted Bitcoin acquisitions, paving the way for a competitive advantage in cost structure.
Eric Trump underscored ABTC's role as a public avenue offering investors direct exposure to Bitcoin, thereby contributing to U.S. leadership in the global crypto economy. The Trump family's commitment to American values and leveraging public markets to enhance operational efficiency remains central to the company's ethos.
American Bitcoin continues to forge ahead, combining innovation, strategic partnerships, and a steadfast commitment to long-term growth in the ever-evolving cryptocurrency landscape. As the digital asset market matures, ABTC stands out as a beacon of resilience and forward-thinking vision.
Frequently Asked Questions
Can I hold a gold ETF in a Roth IRA?
Although a 401k plan might not provide this option, you should still consider other options like an Individual Retirement Account (IRA).
Traditional IRAs allow for contributions from both employees and employers. You can also invest in publicly traded businesses by creating an Employee Stock Ownership Plan (ESOP).
An ESOP is a tax-saving tool because employees have a share of company stock as well as the profits that the business generates. The money invested in ESOPs is taxed at a lower rate that if it were owned directly by an employee.
You can also get an Individual Retirement Annuity, or IRA. An IRA allows for you to make regular income payments during your life. Contributions to IRAs don't have to be taxable
How much gold can you keep in your portfolio
The amount you make will depend on the amount of capital you have. For a small start, $5k to $10k is a good range. As you grow, it is possible to rent desks or office space. So you don't have all the hassle of paying rent. Rent is only paid per month.
It's also important to determine what type business you'll run. My website design company charges clients $1000-2000 per month depending on the order. This is why you should consider what you expect from each client if you're doing this kind of thing.
Freelance work is not likely to pay a monthly salary. The project pays freelancers. You may get paid just once every 6 months.
Decide what kind of income do you want before you calculate how much gold is needed.
I recommend starting with $1k-$2k in gold and working my way up.
How can you withdraw from an IRA of Precious Metals?
First, determine if you would like to withdraw money directly from an IRA. You should also ensure that you have enough money to cover any fees and penalties associated with withdrawing funds.
You should open a taxable brokerage account if you're willing to pay a penalty if you withdraw early. If you choose this option, you'll also need to consider taxes owed on the amount withdrawn.
Next, you'll need to figure out how much money you will take out of your IRA. This calculation will depend on many factors including your age at the time of withdrawal, how long the account has been in your possession, and whether you plan to continue contributing towards your retirement plan.
Once you know what percentage of your total savings you'd like to convert into cash, you'll need to determine which type of IRA you want to use. Traditional IRAs let you withdraw money tax-free after you turn 59 1/2, while Roth IRAs require you to pay income taxes upfront but allow you access the earnings later without paying any additional taxes.
Finally, you'll need to open a brokerage account once these calculations are completed. Many brokers offer signup bonuses or other promotions to encourage people to open accounts. Avoid unnecessary fees by opening an account with your debit card, rather than your credit card.
When it's time to make withdrawals from your precious-metal IRA, you'll need a place to keep your coins safe. Some storage facilities can accept bullion bar, while others require you buy individual coins. You will need to weigh each one before making a decision.
Because you don't have to store individual coins, bullion bars take up less space than other items. You will need to count each coin individually. However, keeping individual coins in a separate place allows you to easily track their values.
Some people prefer to keep their coins in a vault. Some people prefer to store their coins safely in a vault. Whatever method you choose to store your bullion, you should ensure it is safe and secure so you can enjoy its many benefits for many years.
Is the government allowed to take your gold
The government cannot take your gold because you own it. You earned it through hard work. It belongs to your. This rule could be broken by exceptions. If you are convicted of fraud against the federal government, your gold can be forfeit. Additionally, your precious metals may be forfeited if you owe the IRS taxes. However, if you do not pay your taxes, you can still keep your gold even though it is considered property of the United States Government.
Statistics
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
External Links
law.cornell.edu
- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement accounts
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- Do you want to keep your IRA gold at home? It's not exactly legal – WSJ
bbb.org
irs.gov
How To
Guidelines for Gold Roth IRA
Start saving as soon as possible to save for your retirement. It is best to start saving for retirement as soon you can (typically at age 50). It is essential to save enough money each year in order to maintain a steady growth rate.
Additionally, tax-free opportunities like a traditional 401k or SEP IRA are available. These savings vehicles allow you to make contributions without paying taxes on earnings until they are withdrawn from the account. These savings vehicles are great for those who don't have access or can't get employer matching funds.
The key is to save regularly and consistently over time. You will lose any potential tax advantages if you don't contribute enough.
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By: Micah Zimmerman
Title: American Bitcoin: Trump Family-Backed Firm Doubles Revenue in Q3 Through Aggressive Mining Expansion
Sourced From: bitcoinmagazine.com/news/american-bitcoin-doubles-revenue-in-q3
Published Date: Fri, 14 Nov 2025 17:19:35 +0000
