Bitcoin News Today: Trump Admin's Pro-Crypto Policies Fuel American Bitcoin's Q3 Surge

American Bitcoin Corp. (NASDAQ: ABTC), a cryptocurrency miner backed by Donald Trump's sons, reported a third-quarter profit and more than doubled its revenue, signaling robust growth amid a broader surge in crypto markets. The company, which became a standalone public entity after merging with Gryphon Digital Mining and spinning out from Hut 8 Corp., generated $64.2 million in revenue for the quarter ended September 30, 2025, compared to $11.6 million in the prior-year period. Net income reached $3.5 million, reversing a $0.6 million loss in the same period last year according to reports.

The results reflect a strategic pivot to scalable, asset-light mining operations and disciplined at-market Bitcoin purchases, according to Eric Trump, the company's co-founder and chief strategy officer. "While others paid spot, we generated bitcoin below market," he stated. American Bitcoin added over 3,000 Bitcoin to its reserves during the quarter, bringing total holdings to 4,004 BTC as of November 5, valued at approximately $400 million. This growth was supported by a 2.5-fold expansion in mining capacity to 25.0 exahash per second (EH/s), with fleet efficiency averaging 16.3 joules per terahash.

The Trump administration's pro-crypto policies, including the establishment of a Strategic Bitcoin Reserve and streamlined regulatory frameworks, have fueled investor optimism. Bitcoin prices hit an all-time high of $126,296 on October 5, 2025, while institutional adoption surged, with $1.4 trillion in cumulative spot Bitcoin ETF volumes recorded by October 23. However, critics argue that the administration's focus on financial assets has left domestic miners without direct support, despite Trump's pledge to "make all remaining Bitcoin in the USA".

American Bitcoin's financial performance was further bolstered by a 56% gross margin, up from 49% in the prior quarter, and Adjusted EBITDA of $27.7 million, compared to a $4.3 million loss in the prior-year period. The company's balance sheet also strengthened, with working capital rising to $198.8 million and total assets reaching $223.4 million.

Despite these gains, challenges remain. A significant portion of American Bitcoin's Bitcoin holdings-2,385 BTC-are pledged or collateralized, limiting liquidity. Additionally, the company's shares fell 13% in pre-market trading following a broader crypto market slump. Analysts remain divided on whether the recent sell-off presents a buying opportunity or reflects fair valuation adjustments.

The Trump family's deepening ties to crypto ventures, including a meme coin and World Liberty Financial, have drawn scrutiny over potential conflicts of interest according to reports. Meanwhile, the Biden-era regulatory crackdown has been replaced with a lighter oversight approach, though the recent government shutdown has paused new crypto ETF approvals.

As American Bitcoin eyes continued expansion, investors will closely watch its ability to sustain EBITDA growth, unencumbered Bitcoin liquidity, and cost efficiency in mining operations. With the Trump administration positioning the U.S. as a global crypto leader, the company's performance may serve as a bellwether for the sector's future.