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.
