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The Nexus
BUSINESSAug 3 · 19:03 UTCBITCOIN MAGAZINEMathew Di Salvo

American Bitcoin Reports Quarterly Loss But Boosts Bitcoin Stash

American Bitcoin reported a second-quarter loss due to Bitcoin's price decline but increased its Bitcoin holdings from 7,021 to 8,002 coins, boosting its reserve to over $510.6 million. The company's stock rose over 5% following the announcement of its highest quarterly production on record.

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American BitcoinorganizationHut 8organizationEric TrumppersonMike HopersonBitcointopicNASDAQ: ABTCorganization
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