American Bitcoin Corp director Justin Mateen buys 306,981 shares for $1.93M after record Q2

Justin Mateen has never been shy about big bets. The Tinder co-founder turned Bitcoin mining board member dropped roughly $1.93 million on shares of American Bitcoin Corp over two days this week, a move that reads less like a casual portfolio tweak and more like a public vote of confidence in a company still finding its footing. Mateen, who has served as an independent director of ABTC since March 2025, purchased 306,981 shares across August 5 and 6, picking up 144,543 shares at a weighted average of $6.3964 on the first day and another 162,438 shares at $6.1873 the following day. His total beneficial ownership now stands at 492,297 shares. Buying after earnings, not before The timing is worth a close read. The purchase came immediately after American Bitcoin Corp released its Q2 2026 earnings, a report that contained both genuinely impressive operational data and a net loss of approximately $57 million. On the operational side, the company mined 932 BTC during the quarter, a record output for the firm. Its treasury now holds over 8,000 BTC, reflecting a deliberate mine-and-hold strategy rather than the liquidate-to-cover-costs approach many smaller miners take. What American Bitco...