The Trump family has managed to double their income with Bitcoin.

Recently, one of the notable developments in the cryptocurrency market is the results of the American Bitcoin company for the third quarter. The company attracted the attention of investors with a revenue growth of 450%. Founded by Eric Trump and Donald Trump Jr., American Bitcoin Corp. (ABTC) announced in its latest report that it has increased its revenue from 11.6 million dollars to 64.2 million dollars.

The developments indicate that the strategy of acquiring Bitcoin below market price has been successfully implemented. ABTC's activities have caused a series of fluctuations in its stock price; despite experiencing a decline of 15.6% in pre-market trading, it rebounded after opening to rise to 5.09 dollars. The company's stock price is currently trading around 4.80 dollars as the risk perception in the cryptocurrency market has increased.

During the third quarter, American Bitcoin added a total of 3,000 Bitcoin (BTC) through both Bitcoin mining and market purchases. As of the end of September, its total reserves were recorded at 3,418 Bitcoin. The company announced that as of November 13, it had increased its reserves to 4,090 Bitcoin (approximately 391 million dollars), thus rising to 24th place among public companies.

The company's CEO, Michael Ho, stated that they have doubled their income thanks to their mining activities. Additionally, strategy director Eric Trump mentioned that they produce Bitcoin below cost through the mining method instead of buying at the spot price, emphasizing their long-term accumulation strategies. "We had a quarter that confirms our thesis," said Ho, highlighting the improvements in profitability.

The growth of American Bitcoin and the increase in Bitcoin reserves provide significant data that investors should closely monitor. This growth in the company's operational capacity creates a critical picture in terms of trends in the cryptocurrency sector and corporate-level Bitcoin accumulation strategies.