American Bitcoin Corp. reverse split to stay Nasdaq listed

American Bitcoin Corp., a publicly traded Bitcoin mining and treasury company, will implement a 1-for-15 reverse stock split effective after the market closes on Thursday, July 2, 2026. The move is a direct effort to regain compliance with Nasdaq listing rules after its shares sank to a record low this week.

The company, co-founded by Eric Trump and Donald Trump Jr., announced that the consolidation will reduce its outstanding shares from roughly 1.09 billion to about 73 million. Trading on a split-adjusted basis is scheduled to begin when markets open on Monday, July 6, under the existing ticker ABTC. Shareholders approved the reverse split at the company's annual meeting on June 22.

American Bitcoin explicitly tied the action to Nasdaq's minimum bid price requirement, which can lead to delisting if a stock closes below $1 for 30 consecutive trading days. On Wednesday, the company's shares fell nearly 8.4% to close at an all-time low of $0.62, before a slight after-hours rebound. The stock is down more than 63% year-to-date and has fallen over 92% since it began trading on Nasdaq last September following a merger with Gryphon Digital Mining.

The company's financial performance...