American Bitcoin made a profit in the third quarter.

American Bitcoin Announces Third Quarter Report

American Bitcoin has released its third quarter profit for its first full quarter as a publicly traded company. The company's revenue doubled, which is noteworthy. As of this month, the company's Bitcoin (BTC) holdings reached 4,004 units.

On the other hand, due to the overall decline in the cryptocurrency market, the company's shares lost value in pre-market trading. Investors and analysts are closely monitoring this situation.