Finance07 August, 20262 min read
Justin Mateen Buys $1.93 Million In American Bitcoin Shares After Earnings
This article is an automated aggregation of coverage from news outlets. Our editorials offer in-depth analysis curated by the NewsCord team.
Mateen purchased roughly 145,000 Class A ABTC shares over two sessions. Total stake worth about $1.93 million following the earnings report.
Mateen buys ABTC stake
Justin Mateen, a board member of American Bitcoin (ABTC), bought 1.8 million shares of ABTC’s Class A common stock on March 3, 2026 for an average of about $1.03 per share, for a total outlay of roughly $1.85 million. CoinDesk reported that Mateen then purchased about 145,000 Class A shares on August 5 for roughly $925,000 at an average price of $6.40 per share, followed by about 162,000 shares on August 6 for approximately $1 million at an average price of $6.19 per share. In total, CoinDesk said the purchases amounted to 306,981 shares worth approximately $1.93 million, lifting his beneficial ownership to 492,297 Class A common shares after a reverse stock split.
The company’s latest earnings context in the sources included a Q4 2025 loss of $59 million driven largely by bitcoin price swings, and a Q2 net loss of approximately $57 million alongside mining of about 932 bitcoins during the quarter. CoinDesk also tied the stake increase to American Bitcoin’s positioning as a vehicle for building bitcoin exposure through large-scale mining and treasury purchases, making internal acquisitions closely watched by investors.
Earnings, treasury, and exits
Bitget said American Bitcoin reported a Q4 2025 loss of $59 million, driven largely by bitcoin price swings, and described the accounting mechanics as mark-to-market volatility for companies holding bitcoin on their balance sheets. In the same Bitget account, American Bitcoin’s dual-track strategy combined traditional self-mining operations with direct Bitcoin purchases for its corporate treasury, and it said that by early August 2026 the company had amassed more than 8,000 BTC in its treasury. CoinDesk reported that the firm mined about 932 bitcoins during the quarter, its highest quarterly production to date, and grew its treasury to more than 8,000 BTC as it continued its mine-and-hold strategy.
CoinDesk also said Matt Prusak, former president and interim chief financial officer of American Bitcoin, left the company to join Giga Energy, linking the earnings period to an executive change. The sources further framed Mateen’s stake increase as part of a broader investor focus on internal activity at the Nasdaq-listed miner after quarterly results.
Trump ties and market watch
Bitget described a political dimension to American Bitcoin, saying Eric Trump serves as co-founder and chief strategy officer, while Donald Trump Jr. holds a stockholder position, with the two brothers owning approximately 20% of the company. CoinDesk said American Bitcoin counts Eric Trump and Donald Trump Jr. among its backers and described the company as a mining and bitcoin accumulation company that trades on Nasdaq. CoinDesk reported that after the transactions Mateen beneficially owns 492,297 Class A shares, reflecting adjustments made after the company’s recent reverse stock split.
Bitget added that Mateen received a grant of 46,404 restricted stock units on July 29, 2026, with those RSUs set to vest at the 2027 annual meeting. Together, the sources portray Mateen’s nearly $2 million purchases alongside the company’s bitcoin treasury build as a focal point for investors watching how corporate bitcoin ownership evolves.