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 · 2026-03-05T12:17:02+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

2026-03-05 12:17:02

Abstract generation in progress

ChainCatcher reports that documents show that two directors of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, increased their holdings by approximately 1.63 million shares after the earnings report disclosure window reopened. Justin Mateen bought about 1.3 million shares at an average price of around $1, while 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 trades. The company also announced the purchase of 11,298 ASIC miners, which is expected to boost its hash rate by approximately 12%. Currently, Eric Trump and Donald Trump Jr. together hold about 20% of the company’s shares.

BTC-3.47%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes