Bitcoin2026-08-10 13:39:38Trump-Linked Bitcoin Miner ABTC Jumps 13% as Tinder Co-Founder Justin Mateen Buys $1.93M in StockAmerican Bitcoin (ABTC), a Trump-family-affiliated bitcoin mining company, saw its shares climb more than 13% to $7.38 apiece, lifting its market capitalization to roughly $533 million, according to data from MSX.COM. The move followed the company's quarterly earnings report and came as director Justin Mateen, co-founder of Tinder, purchased ABTC shares on two consecutive days. Mateen spent about $1.93 million in total, buying roughly 145,000 Class A common shares at an average price of $6.40 per share on Aug. 5 and about 162,000 shares at an average of $6.19 per share on Aug. 6. The two transactions added 306,981 shares to his position, bringing his total holdings to 492,297 shares. American Bitcoin, which focuses on bitcoin mining operations and is backed by the Trump family, has been working to integrate with crypto-mining firms and expand its hashrate in an effort to become a major player in the U.S. bitcoin mining wave. The insider buying after the earnings release has been seen as a signal of confidence and has further boosted market attention on the stock.2370
ABTC2026-08-10 13:37:47Trump-Linked Bitcoin Miner ABTC Rises Over 13%; Director Buys Two Days StraightBlockBeats 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.2160
