Trump-backed American Bitcoin board members scoop up stock following earnings
Two board members of American Bitcoin purchased over $1 million in company stock after the latest earnings report.Summary
Two board members of American Bitcoin (ABTC), the bitcoin mining company backed by the Trump family, made significant open-market stock purchases totaling roughly 1.6 million shares after the company's latest earnings report was released. Justin Mateen bought about 1.3 million shares near $1 per share, and Richard Busch bought about 330,000 shares. The purchases occurred as the stock has struggled since the company went public, falling from around $8 to $1.15. Despite reporting a $59 million loss in Q4 2025 due to declining crypto values, ABTC announced it now holds over 6,500 BTC, placing it among the world's 17 largest publicly traded bitcoin holders. The firm, 20% owned by Eric Trump and Donald Trump Jr., is pursuing a strategy of both BTC mining and direct purchases.
(Source：CoinDesk)