TechFlow News, March 5: According to CoinDesk, two board members of American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, made large-scale open-market purchases of ABTC stock following the company’s release of its latest financial report. Justin Mateen, co-founder of Tinder and an ABTC board member, purchased approximately 1.3 million shares at an average price of about $1 per share. Richard Busch, another board member and partner at law firm King & Ballow, bought roughly 330,000 shares over the past two days.
ABTC reported a $59 million loss for Q4 2025, primarily driven by a sharp decline in Bitcoin’s price. Eric Trump, ABTC’s co-founder and Chief Strategy Officer, stated that American Bitcoin currently holds over 6,500 bitcoins—more than 500 additional bitcoins compared to its last disclosure.
The company employs a dual strategy of mining and direct Bitcoin acquisition. It recently announced the purchase of 11,298 ASIC mining rigs, which will increase its mining capacity by approximately 12%.
