“The shares slumped more than 13% in pre-market trading as the price of bitcoin tumbled.”, — write: www.coindesk.com
Net income at the Miami-based company 20% owned by Donald Trump Jr. and Eric Trump rose to $3.47 million, a turnaround from a $576,000 loss the year before, and revenue surged fivefold to $64.2 million, according to an SEC filing.
American Bitcoin became a standalone public entity after completing a merger with Gryphon Digital Mining and spinning out of Hut 8’s (HUT) mining operations. Hut 8 retains a roughly 80% stake.
Shares of the company slid as much as 13% in pre-market trading as the price of bitcoin BTC$96,048.19 fell. The largest cryptocurrency dropped 7% in the past 24 hours, according to CoinDesk data.
During the quarter, American Bitcoin added 3,000 BTC to take its total to 3,418 BTC. It now has 4,004, according to a post on X earlier this month. That corresponds to 432 satoshis per share. A satoshi is the smallest denomination of a bitcoin, representing one hundred millionth of the token.
Mining capacity expanded roughly 2.5 times in the period to 25 exahash per second (EH/s) with a fleet averaging 16.3 joules per terahash.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The $2.5 billion BUIDL fund, tokenized by Securitize, deepens its utility for institutional traders and expands to a new blockchain.
- Binance lists BlackRock’s tokenized money market fund BUIDL as off-exchange collateral for institutional trading.
- A new share class of BUIDL is now also available on BNB Chain, expanding its blockchain footprint.
- Tokenized real-world assets are expanding as collateral for sophisticated traders.
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