Bitcoin News Update: Profitable but Still Undervalued: U.S. Bitcoin Faces Doubt and Market Fluctuations
- Trump-backed American Bitcoin Corp. (ABTC) reported its first quarterly profit as a public company, with 453% revenue growth to $64.2M and $3.5M net income. - The firm expanded Bitcoin reserves to ~4,000 BTC via a hybrid mining-treasury model, acquiring crypto at half market cost through 25 EH/s mining capacity. - A merger with Gryphon and Hut 8's 80% stake fueled growth, but shares fell 13% post-earnings amid crypto market volatility and macroeconomic concerns. - Management highlighted 56% gross margins
American
Despite strong financial results, the company’s shares experienced volatility,
The leadership at American Bitcoin has focused on boosting its "Satoshis Per Share" (SPS) metric,
The company has also
Although the third-quarter results showed operational strength, skepticism in the market remains.
Looking forward, American Bitcoin’s future will
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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