NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

Trump’s Sons’ Venture, American Bitcoin, Achieves Profitability In Q3–A Closer Look

Ronaldo Marquez
Ronaldo Marquez
Last Updated: November 15, 2025 6:00 am
3 mins read
American Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In the latest financial report, American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., has announced significant profits for the third quarter (Q3) of the year. The company, operating as a miner and buyer of the world’s largest digital asset, experienced a profit boost due to improved margins.

American Bitcoin Surpasses Previous Earnings

During Q3, American Bitcoin reported a revenue of $64.2 million, showcasing a notable increase compared to the previous quarter. The net income for this quarter reached $3.5 million, slightly exceeding the $3.4 million earned in Q3 of the previous year. 

Related Reading

XRP ETF

By The Numbers: First Spot XRP ETF Achieves Record Launch Amid 900 Competitors

2 days ago

Throughout the quarter, the company acquired over 3,000 BTC through a combination of mining operations and strategic purchases, joining companies like Strategy (formerly MicroStrategy) in accumulating Bitcoin and betting on its long-term prospects. 

As of September 30, American Bitcoin held a total of 3,418 BTC in its reserves. The company significantly boosted its Bitcoin mining capacity by around 2.5 times quarter-over-quarter, adding approximately 14.8 exahash per second (EH/s) to reach a total capacity of approximately 25.0 EH/s by the end of September.

In a post-earnings conference call, Eric Trump expressed pride in the company’s growth since its debut on Nasdaq, highlighting the addition of over 3,000 Bitcoin to their reserves and positioning American Bitcoin among the leading public Bitcoin treasuries. 

Eric Trump also emphasized the success of American Bitcoin’s strategy in the third quarter, underscoring the efficiency of their scalable and asset-light mining operations in generating Bitcoin below market rates.

ABTC Stock Surges 5%, Bitcoin Drops Toward $95,000

CEO Mike Ho, in a conference call, highlighted the cost efficiency of American Bitcoin’s mining operations, stating that they mine at a significantly lower cost compared to conventional vehicles that acquire Bitcoin at spot prices. 

Ho further emphasized the company’s strong performance in the third quarter, showcasing accelerated growth in mining capacity, revenue, and gross margin improvements, he stated:

Our third-quarter performance reflects the speed, discipline, and precision with which we are executing against our differentiated Bitcoin accumulation model. We more than doubled our mining capacity, more than doubled revenue, and grew gross margin by seven percentage points quarter-over-quarter.

Related Reading

Dogecoin news

Dogecoin Shows Relative Strength: Breakout Signal Sits At This Price

1 day ago

As a majority-owned subsidiary of Hut 8 Corp, American Bitcoin stands as a leading player in the crypto industry, with a strategic focus on efficient Bitcoin accumulation through mining practices. 

On Friday, the company’s stock, ABTC, surged by 5% toward the $5 mark. Meanwhile, Bitcoin has continued to decline in price since mid-October, reaching $95,328 at the time of this writing — a 24% drop from its all-time high. 

American Bitcoin
The daily chart shows BTC’s price drop below the key $100,000 level. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Tweet123Share196ShareSend
Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

MicroStrategy

Is Bitcoin Falling Because Of Strategy Sell-Offs? On-Chain Data Fuels Debate

Bitcoin’s latest downturn has caused considerable speculation about whether Strategy’s (formerly known as MicroStrategy) massive holdings are playing a role...

Scott Matherson 13 hours ago
XRP

XRP Gets A Boost From Bullish XRPBTC Close, $2.75 Now In Sight

According to CryptoWzrd’s latest XRP daily technical outlook, XRPBTC ended the day with a strong bullish close. This renewed strength...

Godspower Owie 15 hours ago
Binance

Bullish Signal On Binance: BTC/ETH Outflows Counter Surging Stablecoin Inflows

Exciting data from an on-chain analysis has recently surfaced, revealing accumulation patterns in Bitcoin and Ethereum on the Binance exchange...

Semilore Faleti 18 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

XRP

Analyst Breaks Down Why There Can’t Be 7 Million XRP Holders

Scott Matherson 9 hours ago
Bitcoin price

Bitcoin Price In Trouble As Sell-Side Momentum Spikes — $92,000 Next?

Opeyemi Sule 10 hours ago
Bitcoin

Bitcoin In Bullish Confluence: Death Cross And Key Support Signal Upside

Godspower Owie 12 hours ago

Premium Sponsors

Press Releases

  • シバコイン 今後:24時間で1億8,400万枚が焼却され、供給ショックが始まる可能性

    シバコイン...

    22 hours ago
  • リップル 今後:XRP ETFが初日で2億4,500万ドル流入、BTC・ETHを上回る成果

    リップル 今後:XRP...

    22 hours ago
  • 仮想通貨プレセール:大幅下落後に注目すべき買い持ち候補

    ...

    22 hours ago
  • 仮想通貨おすすめ:1ドル未満で狙える将来性の高い5つの有望コイン

    ...

    22 hours ago
  • クジラ投資家が50万ドル超を投入した新興トークン、調達額2,750万ドル到達。次なる仮想通貨 1000倍候補となるのか?

    ...

    22 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.