According to CoinMeta, and as reported by Bloomberg, Bitcoin mining company American Bitcoin, jointly founded by Eric Trump and Donald Trump Jr, announced a net profit of $126 million for the third quarter, ending three consecutive quarters of losses. This profit included a pre-tax income of $197 million from digital assets. The revenue for the third quarter was $63.4 million, lower than the $67 million in the second quarter. During the same period, the price of Bitcoin rose by 43%, which helped to boost the company's valuation of its digital assets. Despite achieving a profit on paper, the stock price of American Bitcoin still fell by 5.6% to $6.24 on November 4th, with a cumulative decline of over 90% in the past year. The market is paying attention to further congressional scrutiny that companies affiliated with the Trump family may face.