American Bitcoin Q3 Earnings Preview: What You Should Know About Eric Trump’s Venture And Its Market Momentum
American Bitcoin Corp. (NASDAQ:ABTC) is set to report its third-quarter financials before the market opens on Friday. Here’s what investors need to know before the announcement.
The Quarter That Went By
American Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT), completed its all-stock merger and began trading on Nasdaq in early September.
The company is building its own strategic Bitcoin reserve and currently holds 4,004 BTC, worth $388 million, according to Bitcointreasuries.net. However, unlike the more popular companies like Strategy Inc. (NASDAQ:MSTR), American Bitcoin also generates new BTC through in-house mining.
American Bitcoin provides periodic updates to its Satoshis Per Share, or SPS, metric, which reflects the amount of Bitcoin attributable to each outstanding share of common …
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