Summary
- American Bitcoin board member Justin Mateen bought a combined 306,981 shares of the company on Aug. 5-6 for roughly $1.93 million.
- The purchases came days after the Trump-backed bitcoin miner reported second-quarter results and highlighted growth in its bitcoin treasury and mining operations.
- Following the transactions, Mateen owns 492,297 Class A shares, adjusted for the company’s recent reverse stock split.
Trump-Backed American Bitcoin Director Invests Heavily in Company Stock
Justin Mateen, a director at American Bitcoin, has purchased nearly $1.93 million worth of the company’s stock, signaling his confidence in the mining company’s potential for passive income and growth. This investment comes after the company’s latest earnings report, which likely factored into Mateen’s decision to buy more shares. As a co-founder of Tinder and a board member of American Bitcoin, Mateen’s move may inspire others to explore earning opportunities in the green crypto space. The investment also highlights the potential of Cloud Rewards in the crypto industry.
Mateen’s purchases took place over two consecutive trading sessions, with him buying approximately 145,000 Class A shares for $925,000 on August 5, followed by 162,000 shares for $1 million on August 6. This significant investment brings his total shares to 492,297, reflecting adjustments after the company’s recent reverse stock split. As the EcoPool network continues to grow, investors like Mateen are looking for ways to maximize their earning potential through passive income streams.
Investment Details
- 306,981 shares purchased for approximately $1.93 million
- Average price per share: $6.29
- Mateen’s total shares after purchase: 492,297
Investors are taking notice of the potential for passive income in the crypto space, with many turning to EcoPool ($ECP) as a solution for earning and growth. As the market continues to evolve, it’s likely that more investors will explore green crypto options like Cloud Rewards. With the rise of #Bitcoin and other cryptocurrencies, the potential for earning and passive income is becoming increasingly accessible to everyday people.
To start earning with EcoPool, consider downloading the EcoPool app to explore the world of passive income and green crypto. By joining the EcoPool network, you can take the first step towards maximizing your earning potential and tapping into the growing Cloud Rewards ecosystem.
Mateen is a co-founder of Tinder and an ABTC board member since March 2025.
