Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock
Mateen purchased more than 306,000 shares across two days following the company’s quarterly earnings, lifting his stake to more than 492,000 shares.
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Summary
- American Bitcoin board member Justin Mateen bought a combined 306,981 shares of the company on Aug. 5-6 for roughly $1.93 million.
- The purchases came days after the Trump-backed bitcoin miner reported second-quarter results and highlighted growth in its bitcoin treasury and mining operations.
- Following the transactions, Mateen owns 492,297 Class A shares, adjusted for the company’s recent reverse stock split.
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