Trump brothers-backed American Bitcoin swings to profit on margin expansion
Business
American Bitcoin, backed by two of U.S. President Donald Trump's sons, swung to third-quarter profit on Friday as the miner and buyer of the world's largest digital asset benefited from wider margins. Crypto has drawn strong interest this year, with investors betting on looser oversight under the new Trump administration and bitcoin trading at record levels, even though the token's rally has slowed in recent weeks. Eric Trump is American Bitcoin's co-founder and chief strategy officer, while
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