American Bitcoin Two board members make large purchases of company stock after earnings release

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Deep Tide TechFlow News, March 5th, according to CoinDesk, two board members of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, made large-scale open market stock purchases after the company released its latest financial report. Justin Mateen, co-founder of Tinder and a board member of ABTC, bought approximately 1.3 million shares at an average price of about $1, while another board member, Richard Busch, a partner at King & Ballow law firm, purchased about 330,000 shares over the past two days.

ABTC reported a loss of $59 million in Q4 2025, mainly due to a significant drop in Bitcoin prices. The company’s co-founder and Chief Strategy Officer, Eric Trump, stated that American Bitcoin currently holds over 6,500 Bitcoins, an increase of more than 500 from the last disclosure.

The company employs a dual strategy of mining and direct purchase, and recently announced the purchase of 11,298 ASIC miners, which will increase mining capacity by approximately 12%.

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