Trump Family-Linked Mining Company ABTC Shares Rise Over 13%, Tinder Co-Founder Invests $1.93 Million
The Trump family-linked Bitcoin mining company American Bitcoin (ABTC) saw its share price rise by over 13%, closing at $7.38, with a market capitalization of approximately $533 million. Following the release of its quarterly financial report, board member and Tinder co-founder Justin Mateen has increased his stake in ABTC stock over two consecutive days, investing a total of about $1.93 million. On August 5, Mateen purchased approximately 145,000 shares of ABTC Class A common stock for about $925,000, at an average purchase price of approximately $6.40 per share; on August 6, he bought another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. In total, Mateen has increased his holdings by 306,981 shares of ABTC, bringing his total to 492,297 shares. American Bitcoin is a publicly traded company focused on Bitcoin mining, aiming to play a significant role in the expansion of Bitcoin mining in the United States.
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