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EdgarHawk

Richard Busch

Director

Director

Latest: Director buying · June 2026

5 filings analyzed · 1 company · Latest 2026-06-16

Companies

Company Buys Sells Direction
American Bitcoin Corp. ABTC 6 0 Net buying

Activity

June 2026
2026-06-16 American Bitcoin Corp. ABTC
medium
Buy
450,000 shares
$391,500
Significance 4/10

Director Richard Busch bought 450,000 shares of ABTC at $0.87; stock down -94.3% from 52-week high of $14.52, current $0.83.

Richard Busch, Director, purchased 450,000 shares at $0.87 on 2026-06-15, increasing his holdings by 32.2% to 1.85M shares. The stock currently trades at $0.83, and his prior buys at ABTC show mixed outcomes: 1 of 5 prior trades produced a positive 90-day return (+12.5%), while the other four generated negative 90-day returns ranging from -13.4% to -52.2%. His cross-ticker buy track record shows an average 90-day return of -21.8% with a 20% win rate, suggesting limited success timing open-market purchases across his holdings. The company is unprofitable (net income of $-81.8M on $62.1M quarterly revenue) despite rapid revenue growth of +801.5%, creating a divergence between top-line expansion and operating losses that warrants investor scrutiny of the fundamental picture supporting this accumulation.

March 2026
2026-03-09 American Bitcoin Corp. ABTC
high
Buy
68,000 shares
$78,200
Significance 6/10

Director Busch Richard acquired 68,000 shares of ABTC at $1.15 on 2026-03-05; stock now -88.2% from 52-week high amid rocky recent trades.

Director Richard Busch purchased 68,000 shares at $1.15, increasing his holdings by 5.1% to 1,398,975 shares. The purchase occurs in a sharply distressed market context: ABTC trades at $1.10, down 88.2% from its 52-week high of $9.31, and has fallen 46.3% over the past 90 days. Notably, this is Busch's third buy in three consecutive trading days (2026-03-03, 2026-03-04, and 2026-03-05), suggesting sustained accumulation despite downward momentum. His prior same-ticker buys show mixed results: the December 16 purchase gained 1.2% by the 30-day mark, while the December 22 purchase lost 20.7% over the same period. The company itself posted $64.2M in quarterly revenue with $3.5M net income, and reported +200.4% annual revenue growth, though it was unprofitable over its most recent full fiscal year. The confluence of rapid repetitive buying, severe price erosion, and the company's uneven profitability profile warrants attention to what is prompting accumulation at these levels.

2026-03-05 American Bitcoin Corp. ABTC
medium
Buy
330,000 shares
$333,900
Significance 5/10

Director Busch Richard bought 330,000 shares for $333,900 at ABTC as stock trades -87.4% from 52-week high

Richard Busch, a director at American Bitcoin Corp., made 2 separate purchases totaling 330,000 shares for $333,900.00 on 2026-03-03 and 2026-03-04, raising his holdings by 33.0% to 1,330,975 shares. The purchases occurred at $0.96 and $1.15 per share, with a blended average of $1.01. The stock currently trades at $1.17, having fallen 87.4% from its 52-week high of $9.31 and declined 13.3% over the past 30 days and 47.5% over 90 days. While the company shows strong revenue growth at 200.4% annually and $64.2M in latest-quarter revenue, it was unprofitable on a full-year basis, raising questions about sustainability. The timing of this accumulation during a prolonged downturn, combined with Busch's prior mixed results at this ticker (30-day return of -20.7% on a recent December purchase), suggests the purchase merits scrutiny regarding the conviction behind it versus market conditions.

December 2025
2025-12-23 American Bitcoin Corp. ABTC
medium
Buy
101,000 shares
$199,980
Significance 4/10

Director Busch Richard purchased 101,000 ABTC shares at $1.98 on 2025-12-22; stock down 80.0% from 52-week high.

Director Richard Busch purchased 101,000 shares at $1.98, bringing his holdings to 1,000,975 shares, an 11.2% increase from prior holdings. The transaction occurred when American Bitcoin Corp's stock was trading 80.0% below its 52-week high of $9.31 and down 58.0% over the prior 30 days. The company reported $64.2M in quarterly revenue with +200.4% annual revenue growth, but remains unprofitable on a full-year basis despite recent quarterly net income of $3.5M, creating uncertainty about sustainability. This buy-in by a director into a stock at heavily depressed valuations relative to its recent trading range warrants monitoring of whether this represents a deliberate accumulation at distressed prices or occurs in a broader context of strategic issues.

2025-12-18 American Bitcoin Corp. ABTC
high
Buy
175,000 shares
$290,500
Significance 6/10

Director Busch Richard bought 175,000 shares of ABTC at $1.66 on 2025-12-16, expanding stake 24.1%; stock down 77.6% in 90 days.

Busch Richard, a director at American Bitcoin Corp., purchased 175,000 shares at $1.66, bringing his total holdings to 899,975 shares—a 24.1% increase. The transaction occurs in a context of significant price deterioration: the stock has fallen 77.6% over the past 90 days and is trading 82.9% below its 52-week high of $9.31. While the company reported strong revenue growth of 200.4% year-over-year and a latest-quarter net income of $3.5M, it was unprofitable over its most recent full fiscal year, signaling underlying operational challenges despite topline momentum. The director's willingness to accumulate shares at depressed levels amid mixed financial signals suggests a view on value, though the severe drawdown and full-year loss history present material counterpoints for investors to weigh.

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