BlockBeats reported on August 10 that, according to BIT (Bit.com) market data, shares of Trump-linked bitcoin miner American Bitcoin (ABTC) rose over 13% to $7.38, lifting its market cap to $533 million. Justin Mateen, the Tinder co-founder and ABTC director, bought shares on two consecutive days after the company reported quarterly earnings, spending about $1.93 million in total. Regulatory filings show Mateen purchased roughly 145,000 Class A common shares on August 5 for about $925,000, at an average price of about $6.40 per share, then bought about 162,000 shares the next day for roughly $1 million, averaging about $6.19 per share. The two trades totaled 306,981 shares, increasing Mateen's ABTC holdings to 492,297 shares.
BlockBeats, August 10 — According to BIT (Bit.com) market data, shares of Trump-linked bitcoin miner American Bitcoin (ABTC) rose more than 13% to $7.38, lifting its market cap to $533 million.
Director's Two-Day Buying Spree
According to regulatory filings, ABTC director Justin Mateen, the Tinder co-founder, bought shares on two consecutive days after the company released its quarterly earnings. His total spending across the two days was about $1.93 million.
The filings show that on August 5, Mateen purchased roughly 145,000 Class A common shares of ABTC, for about $925,000, at an average price of about $6.40 per share. On August 6, he bought about 162,000 shares for roughly $1 million, at an average price of about $6.19 per share.
Combined, the two trades totaled 306,981 shares, increasing Mateen's ABTC holdings to 492,297 shares.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
