American Bitcoin (ABTC) Announces 1-for-15 Reverse Stock Split Effective July 2

American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation and infrastructure company with ties to the Trump family, has officially scheduled its 1-for-15 reverse stock split to take effect at 5:00 p.m. on July 2, 2026. Following the split, shares will begin trading on an adjusted basis on The Nasdaq Capital Market under the unchanged ticker symbol ABTC starting at market open on July 6, 2026.

The board of directors finalized the consolidation ratio after receiving shareholder approval during the company's 2026 annual general meeting, held on June 22. Voter turnout at the meeting was notably high, with approximately 93.56% of eligible voting shares represented — a figure the company highlighted as reflecting strong investor engagement.

Under the terms of the reverse split, every 15 shares of Class A common stock currently issued and outstanding will be consolidated into a single share of Class A common stock. The same applies to Class B common stock, with every 15 shares converting into one. Fractional shares will be subject to standard adjustment procedures. American Bitcoin currently has no Class C common stock outstanding.

Before the split, the company's total share count stands at 1,092,295,800 — comprised of 360,070,897 Class A shares and 732,224,903 Class B shares. Post-split, the total will shrink to approximately 73 million shares: roughly 24 million Class A and 49 million Class B. Importantly, the reverse split does not alter the number of authorized shares or the par value of any share class.

During the same June 22 annual meeting, shareholders also approved two additional resolutions. Asher Genoot was appointed to the board as a Class I director, and KPMG LLP was ratified as the company's independent auditor for the fiscal year ending December 31, 2026.

American Bitcoin's origins date back to a major rebranding in March 2025, when the entity formerly known as American Data Centers was transformed following the involvement of Eric Trump and Donald Trump Jr. The two joined forces with cryptocurrency mining infrastructure firm Hut 8 to establish the new company. In that arrangement, Hut 8 contributed its mining assets in exchange for an 80% ownership stake, while the Trump family and existing American Data Centers shareholders retained the remainder. Eric Trump took on the role of co-founder and chief strategy officer.

Rather than pursuing a conventional initial public offering, American Bitcoin chose an alternative path to public markets by merging with Gryphon Digital Mining and leveraging that company's existing Nasdaq listing. The company began trading in September 2025, positioning itself as a pure-play Bitcoin miner and treasury platform.

Since its market debut, American Bitcoin's Bitcoin reserve has grown to more than 6,000 BTC. However, like many crypto-focused equities, its share price has experienced significant volatility in line with broader swings in the cryptocurrency market. The reverse split is widely seen as a move to consolidate the share structure and potentially improve the stock's appeal to institutional investors.