According to ChainCatcher, documents show that two directors of American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, collectively increased their holdings by approximately 1.63 million shares when the earnings release window reopened. Justin Mateen purchased approximately 1.3 million shares at an average price of about $1, while Richard Busch purchased approximately 330,000 shares over the past two days. The company previously announced a net loss of approximately $59 million for the fourth quarter of 2025.
Co-founder Eric Trump stated that the company currently holds over 6,500 Bitcoins, an increase of approximately 500 from the previous disclosure, ranking 17th among publicly traded companies globally in terms of Bitcoin holdings. ABTC employs a dual strategy of "mining + direct purchase," with about one-third of its Bitcoins acquired through mining, and the remainder obtained through market purchases and strategic transactions. The company also announced the acquisition of 11,298 ASIC miners, which is expected to increase its hashrate by approximately 12%. Currently, Eric Trump and Donald Trump Jr. collectively hold approximately 20% of the company's shares.
