Trump-Backed American Bitcoin Director Justin Mateen Buys Nearly $2 Million Of ABTC Stock

American Bitcoin director Justin Mateen bought 306,981 shares of ABTC on Aug. 5-6 for about $1.93 million, lifting his stake to 492,297 Class A shares after the company’s recent reverse stock split. According to CoinDesk, the purchases followed American Bitcoin’s second-quarter earnings, in which the Trump-backed bitcoin miner reported a net loss of about $57 million, mined roughly 932 bitcoin and grew its treasury to more than 8,000 BTC.