Data: American Bitcoin, a mining company supported by the Trump family, and two senior executives purchased a total of 1.63 million shares of the company's stock.

ZkProver · 2026-03-07T12:35:21+00:00

The American Bitcoin (ABTC) board members supported by the Trump family have increased their holdings by approximately 1.63 million shares. Financial reports show the company faced a net loss of $59 million. Co-founder Eric Trump revealed that the company holds 6,500 Bitcoins and plans to increase computing power.

ZkProver

2026-03-07 12:35:21

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ChainCatcher reports that documents show that two directors of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, collectively increased their holdings by approximately 1.63 million shares after the earnings report disclosure window reopened. Among them, Justin Mateen bought about 1.3 million shares at an average price of around $1, and Richard Busch purchased about 330,000 shares over the past two days. The company previously announced a net loss of approximately $59 million in Q4 2025.

Co-founder Eric Trump stated that the company currently holds over 6,500 Bitcoin, an increase of about 500 from the last disclosure, ranking 17th among publicly listed companies worldwide in Bitcoin holdings. ABTC employs a dual strategy of “mining + direct purchase,” with about one-third of its Bitcoin coming from mining and the rest acquired through market purchases and strategic transactions. The company also announced the purchase of 11,298 ASIC miners, which is expected to increase its computing power by approximately 12%. Currently, Eric Trump and Donald Trump Jr. together hold about 20% of the company’s shares.

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