Richard Busch Acquires 68,000 Shares of American Bitcoin (NASDAQ:ABTC) Stock

Posted by Donald Scott on Mar 11th, 2026

American Bitcoin Corp. (NASDAQ:ABTC – Get Free Report) Director Richard Busch acquired 68,000 shares of American Bitcoin stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $1.15 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the director directly owned 1,398,975 shares in the company, valued at approximately $1,608,821.25. This represents a 5.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Richard Busch also recently made the following trade(s):

On Wednesday, March 4th, Richard Busch bought 90,000 shares of American Bitcoin stock. The shares were purchased at an average price of $1.15 per share, with a total value of $103,500.00.
On Tuesday, March 3rd, Richard Busch bought 240,000 shares of American Bitcoin stock. The shares were acquired at an average cost of $0.96 per share, with a total value of $230,400.00.
On Monday, December 22nd, Richard Busch purchased 101,000 shares of American Bitcoin stock. The stock was acquired at an average price of $1.98 per share, for a total transaction of $199,980.00.
On Tuesday, December 16th, Richard Busch purchased 175,000 shares of American Bitcoin stock. The shares were acquired at an average cost of $1.66 per share, for a total transaction of $290,500.00.

American Bitcoin Stock Up 5.5%

ABTC opened at $1.16 on Wednesday. American Bitcoin Corp. has a 52-week low of $0.63 and a 52-week high of $14.65. The company has a 50 day moving average of $1.39 and a two-hundred day moving average of $3.79. The company has a market cap of $1.08 billion, a P/E ratio of -2.58 and a beta of 3.81.

Analyst Upgrades and Downgrades

ABTC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Bitcoin in a research report on Monday, December 29th. Roth Mkm assumed coverage on American Bitcoin in a research report on Wednesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. HC Wainwright initiated coverage on American Bitcoin in a research note on Monday, February 2nd. They set a “buy” rating and a $4.00 price objective on the stock. Finally, Wall Street Zen raised American Bitcoin from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.00.

Read Our Latest Stock Analysis on ABTC

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of American Bitcoin in the third quarter valued at $52,000. Bank of America Corp DE acquired a new stake in American Bitcoin during the 3rd quarter valued at $61,000. NewEdge Advisors LLC purchased a new stake in American Bitcoin during the 3rd quarter worth $71,000. Dimensional Fund Advisors LP acquired a new position in American Bitcoin in the 3rd quarter worth $95,000. Finally, Integrated Wealth Concepts LLC acquired a new position in American Bitcoin in the 3rd quarter worth $95,000. 10.21% of the stock is owned by institutional investors and hedge funds.