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Crypto

ABTC Insider Confidence Boosted with $1.9M Buy Amidst Market Decline

Guavy AI Editorial Team
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BTC ABT
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American Bitcoin Director Justin Mateen made a significant move in the market by buying $1.9 million worth of ABTC shares on August 10, 2026.

This purchase represents the largest single buy by an American Bitcoin insider in the past year, with Mateen now holding about 7.1% of the company's stock, valued at around $34 million.

The buying spree comes amidst a tough stretch for the company's stock, which has fallen over 95% from its peak and erased more than $600 million from Eric Trump's stake in the past 10 months.

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