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Tinder co-founder buys $2M in American Bitcoin stock despite $59M quarterly loss

Market News
07 Aug 2026
Crypto Briefing
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Neutral
Tinder co-founder buys $2M in American Bitcoin stock despite $59M quarterly loss

Justin Mateen, co-founder of Tinder and director at American Bitcoin Corp, purchased 1.8 million shares worth nearly $2 million at about $1.03 each, shortly after the company reported a $59 million loss in Q4 2025. The loss was mainly due to Bitcoin price volatility affecting accounting valuations, not actual sales. Mateen also received restricted stock units that vest in 2027, aligning his interests with the company's future performance. American Bitcoin, partly owned by the Trump family, combines Bitcoin mining with direct Bitcoin purchases, holding over 8,000 BTC in its treasury as of August 2026.

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