American Bitcoin to enact 1-for-15 reverse stock split on July 2
The Nasdaq-listed bitcoin treasury and mining company, backed by Eric Trump and Donald Trump Jr., plans the share consolidation after its stock fell below Nasdaq’s $1 minimum bid-price threshold.
American Bitcoin plans a 1-for-15 reverse stock split after the close on July 2, 2026, with split-adjusted trading in its Nasdaq-listed shares under ticker ABTC set to begin on July 6. The company said the move is intended to help restore and maintain compliance with Nasdaq’s $1 minimum bid-price requirement after the stock fell to a record low near $0.64 on Wednesday and dropped more than 64% year to date. Shareholders approved the measure at the company’s June annual meeting, the board set the ratio, and the company said the action was also disclosed in a filing referenced in the announcement. Outstanding shares are expected to fall from about 1.09 billion to roughly 73 million.
- reverse stock split: A corporate action that reduces the number of shares outstanding and typically increases the per-share price proportionally without changing total equity value.
- Bitcoin treasury: A strategy in which a company holds bitcoin on its balance sheet as a core corporate asset.
- Nasdaq: A U.S. stock exchange with minimum listing requirements, including share-price standards.