Richard Busch, an independent director at American Bitcoin Corp, just dropped $391,500 on 450,000 shares of the company’s Class A Common Stock at a weighted average price of $0.87 per share. For a board member at a company whose stock has traded as high as $14.52 in the past year, buying at under a dollar is either a bold contrarian bet or the corporate governance equivalent of catching a falling knife.

Following the transaction, Busch now holds 1,848,975 shares of ABTC directly.

A pattern of buying the dip

This isn’t a one-off move. Busch, a partner at the law firm King & Ballow, has been steadily accumulating ABTC shares through open-market purchases since joining the board in September 2025.

He picked up 175,000 shares in December 2025. Then another 398,000 shares in early March 2026. Now 450,000 more in mid-June 2026.

Each of these purchases has come during periods of price weakness, often following earnings reports. The stock was trading between $0.83 and $0.90 in mid-June when the latest buy occurred, hovering uncomfortably close to the bottom of its 52-week range of roughly $0.77 to $14.52.

Busch isn’t the only insider who’s been buying. Justin Mateen, another notable figure associated with the company, has also made open-market purchases.

What exactly is American Bitcoin Corp

ABTC emerged from a September 2025 merger between the original American Bitcoin entity and Gryphon Digital Mining. The combined company trades on Nasdaq under the ticker ABTC and focuses on large-scale Bitcoin mining operations paired with Bitcoin treasury strategies.

Donald Trump Jr. serves as a senior advisor, while Eric Trump holds a strategic role. Those connections have been part of ABTC’s public identity since the merger.

Busch joined the board as a director when the merger closed in September 2025. His legal background at King & Ballow, a Nashville-based firm, brings governance expertise to the board.

What this means for investors

ABTC’s 52-week range tells a dramatic story on its own. A stock that traded near $14.52 and now sits below $0.90 has lost more than 90% from its highs.

Busch’s pattern of buying after earnings reports, when sentiment tends to be weakest, suggests systematic accumulation at prices he apparently considers attractive. Three separate open-market buys in seven months, each at progressively lower prices, each with real money.

When a stock trades below a dollar, it enters territory where some institutional mandates prohibit ownership entirely, which can create selling pressure regardless of fundamentals.