PANews reported on March 5 that two directors of American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, purchased a total of approximately 1.63 million shares of ABTC on the secondary market after the post-earnings trading window opened, involving more than $1 million.
Tinder co-founder and director Justin Mateen increased his holdings by approximately 1.3 million shares at an average price of about $1; another director, Richard Busch, increased his holdings by approximately 330,000 shares over the past two days.
ABTC's latest financial report shows a loss of $59 million in the fourth quarter of 2025. Eric Trump stated that the company currently holds more than 6,500 BTC, about one-third of which came from mining, with the remainder purchased on the secondary market through stock issuance, making it the 17th largest publicly traded Bitcoin holding company globally.
ABTC's stock price has fallen from around $8 since its IPO to around $1.15 currently. This week, the company also announced the purchase of 11,298 ASIC miners, with plans to increase its hashrate by approximately 12%.