(Reuters) -American Bitcoin, backed by two of U.S. President Donald Trump’s sons, on Friday reported a third-quarter profit that more than doubled as the miner and buyer of the world’s largest digital asset benefited from wider margins.

Crypto has drawn strong interest this year, with investors betting on looser oversight under the new Trump administration and bitcoin trading at record levels, even though the token’s rally has slowed in recent weeks.

Eric Trump is American Bitcoin’s co-founder and chief strategy officer, while Donald Trump Jr. is a major stockholder in the company.

“While others paid spot, we generated bitcoin below market through scalable, asset-light mining operations. Coupled with disciplined at-market purchases,” Eric Trump said in a statement.

Bitcoin mining uses

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