The stock price of the Trump family's associated mining company ABTC rose over 13%, with a market value increasing to 533 million dollars

According to Gate market data, the stock price of the Trump family-associated mining company ABTC has risen over 13%, currently reported at $7.38, with a market capitalization increasing to $533 million.

On the news front, last week, Justin Mateen, a director of the Bitcoin mining company American Bitcoin (ABTC) supported by the Trump family and co-founder of Tinder, bought company stock for two consecutive days after the company announced its quarterly financial report, with a total investment of approximately $1.93 million.

Regulatory documents show that Mateen purchased approximately 145,000 shares of ABTC Class A common stock on August 5 for about $925,000, with an average purchase price of approximately $6.40 per share; on August 6, he bought approximately 162,000 shares again for about $1 million, with an average price of approximately $6.19 per share. The two transactions totaled 306,981 shares, increasing Mateen's holdings in ABTC to 492,297 shares.