Mateen Boosts Stake in Trump-Backed American Bitcoin with $1.9 Million Stock Purchase

Justin Mateen, a director on the board of American Bitcoin (ABTC), has significantly increased his stake in the company by purchasing nearly $1.93 million worth of stock over two consecutive trading sessions this week.

The co-founder of Tinder bought about 145,000 Class A shares for roughly $925,000 at an average price of $6.40 per share on August 5.

The next day, he acquired approximately $1 million worth of stock by purchasing about 162,000 shares at an average price of $6.19 per share.

Combined, Mateen's purchases amount to a total of 306,981 shares for around $1.93 million.