Bitcoin news broke on March 5, 2026, as two directors of Trump-backed Bitcoin miner ABTC purchased 1.63 million shares during the reopening of the trading window. Justin Mateen acquired 1.3 million shares at $1 each, while Richard Busch added 330,000. The company reported a $59 million loss for Q4 2025. Eric Trump stated that ABTC now holds over 6,500 Bitcoin, an increase of 500 from the previous report. The company plans to increase its hash rate by 12% through the deployment of 11,298 new ASICs. Bitcoin analysis indicates the firm employs a combination of mining and market purchases, with members of the Trump family owning 20% of the shares.

According to ChainThink, on March 5, filings showed that two directors of American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, collectively purchased approximately 1.63 million shares of the company’s stock following the reopening of the earnings disclosure window. Justin Mateen bought around 1.3 million shares at an average price of approximately $1, while Richard Busch purchased about 330,000 shares over the past two days.

The company previously reported a net loss of approximately $59 million for the fourth quarter of 2025. Co-founder Eric Trump stated that the company currently holds over 6,500 Bitcoin, an increase of about 500 compared to the last disclosure, ranking it 17th globally among publicly traded companies in Bitcoin holdings.

ABTC employs a dual strategy of "mining and direct coin purchases," with approximately one-third of its Bitcoin obtained through mining and the remainder acquired through market purchases and strategic transactions. The company also announced the acquisition of 11,298 ASIC miners, expected to increase its hash rate by approximately 12%. Eric Trump and Donald Trump Jr. currently hold a combined 20% stake in the company.

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