American Bitcoin Corp. Names Paul Sacks as Interim CFO Following Executive Departure
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Key Takeaways
- Paul Sacks to begin tenure as Interim CFO of American Bitcoin Corp. on August 4, 2026.
- Sacks retains his current position as Head of Derivatives with no change in pay.
- Matthew Prusak voluntarily resigned as President and Interim CFO to pursue a role in Austin.
- The company reported no disagreements regarding financial or operational practices related to the exit.
The Board of Directors of Miami-headquartered American Bitcoin (NASDAQ: ABTC) Corp. selected Paul Sacks, 53, to oversee financial operations on an interim basis. Sacks will maintain his existing role as Head of Derivatives, which he has held since joining the firm in May 2026. The company confirmed that his compensation package and benefits will remain unchanged despite the expanded responsibilities.
Sacks brings extensive experience in digital asset markets to the role. Before his tenure at American Bitcoin Corp., he served as Co-Head of Digital Exotics at BlockFills from late 2022 until March 2026. He also spent over five years as a Managing Member and Co-Founder of Digital Gamma. An alumnus of the University of Massachusetts Amherst, Sacks has entered into a standard indemnification agreement with the company as part of his appointment as an executive officer.
The vacancy was created by the resignation of Matthew Prusak, who informed the board on July 30, 2026, of his intent to leave his positions as President and Interim CFO. Prusak is relocating to Austin, Texas, for a new professional opportunity. The company stated that his departure was entirely voluntary and did not stem from any internal disputes or issues regarding financial reporting, operational policies, or management practices.
According to the SEC filing, there are no familial ties between Sacks and other company directors or officers. Furthermore, the board found no material interests in any transactions that would necessitate disclosure under federal securities laws. The company has not yet announced a replacement for the office of President.
