Shares of Trump family-backed Bitcoin miner American Bitcoin, or ABTC, traded at about $7.11 after rising roughly 10% from Friday's close of $6.47, following disclosures that director and Tinder co-founder Justin Mateen bought $1.93 million of stock over two consecutive sessions. Regulatory filings show Mateen bought 144,500 shares on Aug. 5 at an average of $6.40 for about $925,000, then added 162,438 shares the next day at $6.19 apiece for about $1 million, taking his total to 306,981 shares and lifting his holdings to 492,297 Class A shares after adjustment for a recent reverse stock split. The purchase came days after the company reported a second-quarter net loss of $57.2 million on mining revenue of $67.0 million, while saying it mined a record 932 BTC in the quarter and expanded its Bitcoin treasury beyond 8,000 coins. BitcoinTreasuries.net listed the holding at 8,300 BTC as of Aug. 3, ranking American Bitcoin as the 16th-largest public corporate holder. The company, which went public in September 2025 through a reverse merger with Gryphon Digital Mining, remains more than 95% below its post-listing high of $14.65. A 1-for-15 reverse split that took effect on July 2 lifted the share price back above Nasdaq's $1.00 minimum bid requirement and reduced the share count from roughly 1.09 billion to about 73 million. Insider ownership stands at about 7.1%, worth roughly $34 million, and the latest filing was described as the largest insider purchase at American Bitcoin in the past 12 months. Analyst views remain mixed, with MarketBeat data showing a consensus Hold rating and an average price target of $45, while Wall Street Zen and Weiss Ratings rate the stock Sell, Maxim Group set a $15 Buy target on July 21, and Zacks upgraded the shares to Hold in April.