Justin Mateen Invests $1.93 Million to Increase Stake in American Bitcoin Shares

Tinder co-founder and American Bitcoin director Justin Mateen has increased his stake in the company by purchasing shares for two consecutive days following the release of the quarterly financial report, investing a total of approximately $1.93 million. Regulatory filings show that on August 5, Mateen bought about 145,000 shares of ABTC Class A common stock for approximately $925,000, at an average purchase price of about $6.40 per share; on August 6, he bought another approximately 162,000 shares for about $1 million, at an average purchase price of about $6.19 per share. The two transactions totaled 306,981 shares, increasing his holdings of ABTC shares to 492,297. American Bitcoin is a publicly traded Bitcoin mining and BTC reserve company listed on NASDAQ, employing a strategy of "large-scale mining + corporate treasury holding Bitcoin." The financial report indicates that American Bitcoin incurred a net loss of approximately $57 million in the second quarter, while its mining scale and Bitcoin reserves continued to grow, with a quarterly output of approximately 932 BTC, reaching a record high, and the treasury holding more than 8,000 Bitcoins.

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