American Bitcoin Says Q3 Net Income Reached $126M as BTC Reserve Grew

TL;DR: American Bitcoin reported approximately $126 million in third-quarter net income and said its Bitcoin reserve increased through mining rather than new spot purchases during the period. The November 4 release also cites about $221 million in adjusted EBITDA and an approximately 5% increase in satoshis per share. American Bitcoin reported approximately $126 million in third-quarter net income and said its Bitcoin reserve increased through mining rather than new spot purchases during the period. The November 4 release also cites about $221 million in adjusted EBITDA and an approximately 5% increase in satoshis per share. Those figures put the focus on an increasingly important distinction among public Bitcoin businesses: the difference between growing a treasury and growing the amount of Bitcoin attributable to each share.

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