BlockBeats News, March 5th, according to documents, two directors of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, collectively increased their holdings by about 1.63 million shares of the company’s stock during the post-disclosure window period. Justin Mateen purchased about 1.3 million shares at an average price of around $1, while Richard Busch acquired about 330,000 shares over the past two days.
The company previously disclosed a net loss of about $59 million in the fourth quarter of 2025. Co-founder Eric Trump stated that the company currently holds over 6,500 Bitcoins, an increase of about 500 since the last disclosure, ranking 17th among public companies in terms of Bitcoin holdings globally.
ABTC adopts a dual strategy of “mining + direct purchase of coins,” with about one-third of its Bitcoin coming from mining and the rest acquired through market purchases and strategic trades. The company also announced the purchase of 11,298 ASIC mining machines, which is expected to increase its hash rate by approximately 12%. Currently, Eric Trump and Donald Trump Jr. collectively hold about 20% of the company’s shares.
