Trump brothers-backed American Bitcoin swings to second-quarter loss
Aug 3 : American Bitcoin, backed by two of U.S. President Donald Trump's sons, swung to a second-quarter loss on Monday, hurt by a selloff in the cryptocurrency.Market volatility from surging geopolitical tensions has pushed investors into a risk-off mode, piling pressure on crypto asset prices.Here ar
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President Donald Trump's sons, swung to a second-quarter loss on Monday, hurt by a selloff in the cryptocurrency.
Market volatility from surging geopolitical tensions has pushed investors into a risk-off mode, piling pressure on crypto asset prices.
• American Bitcoin's holdings in the asset grew to over 8,000 in the quarter, a 14 per cent jump from the prior quarter
• Its focus on mining pushed quarterly production to a record, with about 932 bitcoin mined in the second quarter
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