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

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

The reverse split ratio was confirmed by the company's board of directors following shareholder approval at the 2026 annual meeting held on June 22. Voter turnout at the meeting was notably high, with approximately 93.56% of eligible voting shares represented.

Under the terms of the split, every 15 shares of Class A common stock currently outstanding will be consolidated into a single Class A share. The same applies to Class B common stock — every 15 shares will be converted into one. Fractional shares will be subject to adjustment. The company holds no Class C common stock.

As a result of the consolidation, the total share count will drop significantly — from 1,092,295,800 shares (comprising 360,070,897 Class A shares and 732,224,903 Class B shares) down to approximately 73 million shares in total. That breaks down to roughly 24 million Class A shares and 49 million Class B shares. Importantly, the reverse split does not affect the number of authorized shares or the par value of either class.

Two additional resolutions were passed at the same June 22 meeting. 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 trace back to a company previously known as American Data Centers. In March 2025, the venture was rebranded and relaunched after Eric Trump and Donald Trump Jr. partnered with Bitcoin mining infrastructure firm Hut 8. Under the deal, Hut 8 contributed mining assets in exchange for an 80% stake, while the Trump family and existing American Data Centers shareholders retained the remainder. Eric Trump holds the title of co-founder and chief strategy officer.

Rather than going through a conventional IPO process, American Bitcoin chose to merge with Gryphon Digital Mining, leveraging that company's existing Nasdaq listing to gain public market access. Trading under the ABTC ticker commenced in September 2025, positioning the firm as a pure-play Bitcoin miner and treasury accumulation platform.

Since its debut, American Bitcoin's Bitcoin reserves have grown to exceed 6,000 BTC. However, the company's share price has experienced considerable volatility in line with broader swings in the cryptocurrency market.