Two board members of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, have made substantial stock purchases on the open market. According to Foresight News, Justin Mateen, co-founder of Tinder and a board member of ABTC since March 2025, acquired approximately 1.3 million shares at an average price of about $1 per share. The stock closed at $1.15 on Wednesday.
Another board member, Richard Busch, a partner at King & Ballow, purchased around 330,000 shares over the past two days.
Previously, Foresight News reported that American Bitcoin announced the acquisition of 11,298 ASIC mining machines on March 3.