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Odaily News: Justin Mateen, a director at Trump family-backed bitcoin mining company American Bitcoin (ABTC) and co-founder of Tinder, purchased company shares on two consecutive days following the release of its quarterly earnings report, with a total investment of approximately $1.93 million. Regulatory filings show that Mateen bought approximately 145,000 shares of ABTC Class A common stock on August 5, with a transaction value of about $925,000 and an average purchase price of approximately $6.40 per share. On August 6, he purchased another approximately 162,000 shares for about $1 million, at an average price of approximately $6.19 per share. Together, the two transactions totaled 306,981 shares, increasing his ABTC holdings to 492,297 shares. American Bitcoin, supported by members of U.S. President Trump's family, including Eric Trump and Donald Trump Jr., is a Nasdaq-listed bitcoin mining and BTC reserve company. The company adopts a strategy of "large-scale mining plus corporate treasury bitcoin holdings" to provide investors with bitcoin exposure. Financial reports show that American Bitcoin recorded a net loss of approximately $57 million in the second quarter, while its mining scale and bitcoin reserves continued to grow over the same period. The company produced approximately 932 BTC in the quarter, reaching an all-time high, with treasury bitcoin holdings increasing to over 8,000 BTC.
American Bitcoin (ABTC), a bitcoin mining company affiliated with the Trump family, announced it will officially disclose its complete second-quarter performance before the US stock market opens on August 3rd EST. At 8:30 AM on the same day, management will hold a conference call and webcast to comprehensively review core operational data, including quarterly mining output, bitcoin inventory, and operational revenue and expenditure.
Odaily Planet Daily reported that the Trump family-backed Bitcoin mining company American Bitcoin has added 500 BTC to its holdings, bringing its total Bitcoin position to 8,000 coins. (BTCtreasuries)
American Bitcoin, a Bitcoin mining company and treasury firm founded by Eric Trump and Donald Trump Jr., announced it will implement a 1:15 reverse stock split next week to meet Nasdaq's minimum $1 bid price requirement.The reverse stock split will take effect after the close of trading on Thursday, and will continue trading under the ticker ABTC at the adjusted price starting Monday. Under the arrangement, every 15 shares of Class A and Class B common stock will be automatically combined into 1 share, reducing the company's total outstanding shares from approximately 1.09 billion to about 73 million. The split plan was approved at the annual shareholders meeting in June.American Bitcoin's stock price fell to an all-time low of approximately $0.64 on Wednesday, with a year-to-date decline of over 64%. The company currently holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.
According to PRNewswire, Trump family crypto mining company American Bitcoin announced it will implement a 1-for-15 reverse stock split on July 2, 2026, Eastern Time. Following the split, its common stock will resume trading on the Nasdaq Capital Market at an adjusted price on July 6, 2026. The trading symbol will remain ABTC, but the CUSIP number will be updated.
BitcoinTreasuries.NET posted on X platform that the board of American Bitcoin Corp, a Bitcoin mining company backed by the Trump family, has approved a 1-for-15 reverse stock split after obtaining shareholder approval. The company is expected to implement the reverse stock split as soon as possible.
: BitcoinTreasuries.NET posted on platform X that Richard Busch, a board member of American Bitcoin Corp, a Bitcoin mining company supported by the Trump family, has just purchased 450,000 ABTC shares at an average price of $0.87, valued at $391,500.
Eric Trump, Donald Trump’s second son, posted that American Bitcoin, a bitcoin mining company backed by the Trump family, has increased its bitcoin holdings by 200 BTC, bringing its total holdings to 7,500 BTC.
According to BitcoinTreasuries.NET, AmericanBitcoin Corp—a Bitcoin mining company backed by the Trump family—has acquired an additional 300 BTC, bringing its total holdings to 7,300 BTC, ranking it 16th on the Bitcoin holdings leaderboard.
Eric Trump, son of U.S. President Donald Trump and co-founder of American Bitcoin, stated at the Consensus conference that the attitude of traditional financial institutions towards Bitcoin is undergoing a shift. Citing JPMorgan Chase as an example, he noted that 18 months ago, the institution was still "belittling" Bitcoin, yet now it allows customers to use their Bitcoin holdings as collateral to apply for home loans.Eric Trump also mentioned that traditional financial institutions such as Merrill Lynch and Charles Schwab have begun to embrace Bitcoin. He stated that these institutions have realized they can no longer fight against industry trends and have thus started to pivot towards supporting the Bitcoin ecosystem. He also revealed that American Bitcoin's current goal is to become the lowest-cost acquirer of Bitcoin in the industry. (CoinDesk)
According to Bloomberg, American Bitcoin Corp., a bitcoin mining company backed by the Trump family, released its Q1 2026 financial results, reporting a net loss of $82 million—worsening from a $59 million loss in the previous quarter (Q4 2025), marking its second consecutive quarter of losses. Meanwhile, the company’s Q1 revenue stood at approximately $62 million, down roughly 20% year-on-year, primarily due to a decline in average bitcoin mining revenue per coin. Headquartered in Miami, the company was founded just before bitcoin’s price retreated from its all-time high.
According to Decrypt, American Bitcoin, a mining company affiliated with the Trump family, has deployed 11,298 Bitcoin miners at its Drumheller facility in Alberta, Canada, adding 3.05 EH/s of hash rate and bringing its total in-house hash rate to 28.1 EH/s across 89,242 devices. Following the announcement, ABTC’s stock rose over 13% during Wednesday’s pre-market trading. American Bitcoin stated that this deployment completes its previously announced expansion plan and that the average energy efficiency of its current in-house miners is 16.0 J/TH.
American Bitcoin (ABTC), a mining company affiliated with the Trump family, announced that it will release its first-quarter financial results after the U.S. market closes on May 6, 2026. The company’s management team will hold a conference call and webcast to discuss the results at 4:30 p.m. ET on the same day, with live audio streaming simultaneously available via X Space.