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ABTC Directors Increase Holdings by 1.63M Shares; Trump-Backed Miner Holds 6,500 BTC

GateNews
StocksCapital Flowbitcoin news
BTC-0.13%

According to SEC filings, directors of Trump-backed Bitcoin miner American Bitcoin (ABTC) increased holdings by approximately 1.63 million shares over the past two days following quarterly earnings disclosure. Justin Mateen purchased roughly 1.3 million shares at approximately $1 per share, while Richard Busch acquired about 330,000 shares. The company disclosed a net loss of approximately $59 million for the fourth quarter of 2025 and currently holds over 6,500 Bitcoin, ranking 17th among publicly listed companies in Bitcoin holdings. ABTC also announced the purchase of 11,298 ASIC mining machines, expected to increase computing power by approximately 12 percent.

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