American Bitcoin Director Buys Over $1.9M in Shares After Quarterly Earnings
American Bitcoin's director Justin Mateen made significant investments in his own company, purchasing $1.93 million worth of ABTC shares after the release of its Q2 2026 financial results.
The transactions occurred across two consecutive trading sessions: August 5 and 6. On the first day, Mateen acquired about 145,000 Class A shares for approximately $925,000 at an average price of $6.40 per share. The following day, he bought roughly 162,000 additional shares for around $1 million at an average price of $6.19.
The total number of shares purchased amounts to about 306,981 ABTC shares, valued at approximately $1.93 million. This brings Mateen's beneficial ownership of American Bitcoin Class A common stock to 492,297 shares, following adjustments related to the company's recent reverse stock split.