American Bitcoin (NASDAQ:ABTC) Director Justin Mateen Purchases 144,543 Shares of Stock

Posted by Francis Steltz on Aug 8th, 2026

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report) Director Justin Mateen acquired 144,543 shares of American Bitcoin stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $6.40 per share, for a total transaction of $925,075.20. Following the completion of the acquisition, the director directly owned 329,859 shares in the company, valued at approximately $2,111,097.60. This represents a 78.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Justin Mateen also recently made the following trade(s):

On Thursday, August 6th, Justin Mateen acquired 162,438 shares of American Bitcoin stock. The shares were purchased at an average cost of $6.19 per share, with a total value of $1,005,491.22.

American Bitcoin Trading Up 4.5%

Shares of ABTC stock opened at $6.47 on Friday. The company has a market cap of $471.15 million, a P/E ratio of -2.12 and a beta of 3.86. The firm has a fifty day moving average price of $8.88 and a 200 day moving average price of $14.24. American Bitcoin Corp. has a 12 month low of $4.92 and a 12 month high of $217.80.

American Bitcoin (NASDAQ:ABTC – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.80) earnings per share for the quarter. American Bitcoin had a negative net margin of 71.75% and a negative return on equity of 29.89%. The business had revenue of $67.01 million during the quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ABTC. Zacks Research raised American Bitcoin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a report on Wednesday, June 24th. Wall Street Zen downgraded American Bitcoin from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Maxim Group set a $15.00 price objective on shares of American Bitcoin and gave the stock a “buy” rating in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Bitcoin has an average rating of “Hold” and an average price target of $45.00.

Check Out Our Latest Analysis on American Bitcoin

Institutional Trading of American Bitcoin

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of American Bitcoin by 1,031.4% in the 4th quarter. CWM LLC now owns 17,062 shares of the company’s stock valued at $29,000 after purchasing an additional 15,554 shares during the last quarter. Aptus Capital Advisors LLC purchased a new position in American Bitcoin during the 4th quarter worth approximately $33,000. Forty three Eighteen Advisors LLC acquired a new position in American Bitcoin during the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC purchased a new stake in American Bitcoin in the first quarter valued at approximately $37,000. Finally, Kitching Partners LLC purchased a new stake in American Bitcoin in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 10.21% of the company’s stock.