According to Cryptopolitan, American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company linked to the Trump family, saw its stock rise approximately 10% in a single day on Monday, climbing from $6.47 to $7.11. The rebound was triggered by regulatory filings revealing that Justin Mateen, a company director and co-founder of Tinder, purchased a total of 306,981 shares on August 5 and 6, spending approximately $1.93 million—the largest insider purchase by company insiders in the past 12 months.
American Bitcoin Director Buys $1.93 Million Worth of Shares
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Summary
Bitcoin breaking news: American Bitcoin (NASDAQ: ABTC) shares rose approximately 10% on Monday, from $6.47 to $7.11. The rebound followed a regulatory filing revealing that director and Tinder co-founder Justin Mateen purchased 306,981 shares between August 5 and 6 for $1.93 million. This purchase represents the largest insider buy in the past 12 months. Bitcoin news continues to underscore significant insider activity in the crypto sector.
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