BULLISH 45 Bitcoin Magazine 1H ago · 3 min read

American Bitcoin posts $126 million profit as bitcoin holdings gain $197 million

AI summary

American Bitcoin (ABTC) reported roughly $126 million in third-quarter net income, driven by a $197.3 million gain on its bitcoin holdings. That reverses a $57.2 million loss in the prior quarter. The swing shows corporate bitcoin treasuries can post large mark-to-market profits when BTC rallies, a signal traders watch for further institutional accumulation.

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