American Bitcoin, a crypto mining company linked to the Trump family, is expected to implement a 1-for-15 reverse stock split at 17:00 (UTC+8) on July 2, 2026. According to Odaily, the company’s Class A common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market at the market open on July 6, 2026, while keeping the ticker symbol ABTC.
The reverse split is expected to reduce the company’s outstanding shares from 1,092,295,800 to about 73 million. Class A common shares are expected to fall to about 24 million, and Class B common shares to about 49 million.
The company said the move is intended to raise the per-share trading price to maintain compliance with Nasdaq’s minimum bid price requirement. The reverse split plan was approved at a shareholder meeting on June 22, 2026.
STOCKS | American Bitcoin to Implement 1-for-15 Reverse Stock Split on July 2, 2026
2026-07-01 13:24:01
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