Eric Trump-backed American Bitcoin swings to profit in Q3: d
American Bitcoin Corp. (Nasdaq: ABTC) disclosed third-quarter net profit of approximately $126 million, turning profitable from a net loss of $57.2 million in the previous quarter. Both sources pointed out that the profit mainly came from $197.3 million in gains on bitcoin holdings, not mining revenue.
Event timeline
- [11-05 01:44] American Bitcoin (ABTC) Posts $126 Million Profit as Holdings Gain $197 Million (Bitcoin Magazine)
- [11-05 08:52] Eric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains (The Block)
Background and impact
On Wednesday, U.S. Eastern Time, American Bitcoin Corp. (Nasdaq ticker: ABTC) disclosed its third-quarter results: net profit of approximately $126 million. Bitcoin Magazine and The Block separately reported this figure on 2026-11-05. According to Bitcoin Magazine, the company had a net loss of $57.2 million in the previous quarter and turned positive this quarter; The Block’s basis for comparison is consistent, also being “from a net loss of $57.2 million in the previous quarter to a net profit of $126 million.” Bitcoin Magazine said the company is headquartered in Miami.
The composition of the profit source is key to this earnings report. Bitcoin Magazine clearly pointed out that this quarter’s profit “mainly came from $197.3 million in gains on the company’s bitcoin holdings, not mining revenue.” In other words, the formation of book profit during the reporting period is highly correlated with the measurement results of the bitcoin assets held by the company, rather than being dominated by the operating performance of the mining business. The Block attributed the profit to “digital asset gains” in its headline and summary, consistent in direction with the former. The two sources do not differ on the net profit amount, quarter-over-quarter direction, or loss base.
It should be noted that neither excerpt disclosed details such as the company’s third-quarter mining revenue, hashrate scale, holdings quantity, and average cost. Therefore, based only on the existing information, it is impossible to break down the specific proportion of the profit contributed by operating business versus asset measurement, nor to judge the extent to which the profit was realized in cash. For such listed companies with bitcoin as a major reserve asset, quarterly results will show relatively large book swings with bitcoin price fluctuations—this quarter’s $197.3 million in holdings gains and the previous quarter’s net loss are two sides of the same coin.
In terms of implications, the ABTC case provides a recent sample for observing the model of “listed companies holding bitcoin”: the income statement’s sensitivity to the company’s bitcoin holding results may be higher than to current-period mining output. The Block referred to the company as “Eric Trump’s American Bitcoin” in its headline. For readers tracking such names and bitcoin spot trends, common channels for obtaining market quotes and announcements include Bitget registration app download, Binance registration app download, OKX registration app download, HTX registration app download, and Gate.io registration app download and other trading platform apps. Going forward, what needs to be observed is the direction of change in holdings gains in the company’s next quarterly disclosure, and whether mining business data will be provided separately.
FAQ
### Was this $126 million profit earned from mining?
No. According to Bitcoin Magazine, the quarter’s profit mainly came from $197.3 million in gains on the company’s bitcoin holdings, not mining revenue. The disclosure materials did not give specific revenue data for the mining business.
### How large is the change compared with the previous quarter?
The two sources are consistent: the previous quarter was a net loss of $57.2 million, and this quarter was a net profit of approximately $126 million, with the direction changing from loss to profit. The Block described it as turning positive quarter over quarter.
### What points should be watched going forward?
Watch changes in bitcoin holdings gains in the company’s next quarterly report, and whether mining revenue, holdings scale, and other operating data are disclosed separately. Existing materials do not provide these details and do not give a specific disclosure time.