Justin Mateen, co-founder of Tinder and independent director of American Bitcoin Corp, purchased 1.8 million Class A shares for approximately $1.85 million on March 3, 2026. This purchase comes just weeks after the company reported a quarterly loss of $59 million in Q4 2025, primarily driven by bitcoin price volatility. American Bitcoin, listed since September 2025 through a merger with Gryphon Digital Mining, is a subsidiary of Hut 8 and combines traditional mining operations with direct bitcoin purchases for its treasury. The company had accumulated over 8,000 BTC in its treasury by early August 2026. The Trump brothers own approximately 20% of the company, with Eric Trump serving as co-founder and chief strategy officer.
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