American Bitcoin board member Richard Busch buys $290,500 in ABTC shares
Crypto Briefing
American Bitcoin board member Richard Busch purchased $290,500 worth of ABTC shares amid a recent stock price decline.Summary
Richard Busch, a board member and director of American Bitcoin (ABTC), acquired 175,000 shares of the company for approximately $290,500, as revealed in a recent SEC filing. This insider investment occurred despite the stock struggling recently, having fallen roughly 68% over the past month due to the release of pre-merger private placement shares. Following the purchase, Busch now holds about 900,000 ABTC shares, valued near $1.4 million based on Thursday's closing price. American Bitcoin, which is backed by the Trump family, is noted for being among the top 20 publicly traded companies holding Bitcoin, with a treasury reserve of 5,098 BTC valued around $447 million.
(Source：Crypto Briefing)