Trump-backed American Bitcoin board members scoop up stock following earnings

Board members Justin Mateen and Richard Busch bought roughly 1.6 million shares after the trading window reopened following the bitcoin miner’s latest earnings report. What to know : American Bitcoin board members Justin Mateen and Richard Busch purchased roughly 1.63 million shares combined in open-market buys. The bitcoin miner reported a $59 million fourth quarter loss, while Eric Trump said the firm now holds over 6,500 BTC, ranking it the 17th-largest publicly traded bitcoin holder. ABTC pursues a dual strategy of mining and direct BTC purchases and recently bought 11,298 ASIC miners to boost capacity by about 12%.