American Bitcoin's 1-for-15 reverse stock split takes effect at 5 p.m. on July 2, 2026, reducing total shares outstanding from roughly 1.09 billion to approximately 73 million. The Nasdaq-listed miner disclosed that the split is primarily intended to lift its per share price above the exchange's minimum bid price requirement, with stockholder approval granted at the company's annual meeting on June 22. American Bitcoin operates as a majority-owned subsidiary of Hut 8 Corp., with Eric Trump serving as co-founder and chief strategy officer and Donald Trump Jr. holding a role as strategic advisor.
American Bitcoin Executes 1-for-15 Share Consolidation
The company disclosed that the split becomes effective at 5 p.m. on July 2, 2026. Shares are expected to begin trading on a split-adjusted basis when the market opens on July 6 under the same ticker ABTC and a new CUSIP number, 02462A 203.
Every 15 shares of Class A and Class B common stock will convert into one share. That reduces total shares outstanding from roughly 1.09 billion to approximately 73 million, split between about 24 million Class A shares and 49 million Class B shares. American Bitcoin holds no Class C shares. Stockholders who end up with fractional shares will receive a cash payment instead, handled by transfer agent Continental Stock Transfer & Trust Company.
Nasdaq Minimum Bid Price Requirement Cited as Primary Driver
The company detailed that the split is meant to lift its per share price and keep it above Nasdaq's minimum bid price requirement. Stockholders approved the split at the company's annual meeting on June 22. The board then set the ratio at 1-for-15. Registered shareholders do not need to take action. Investors holding shares through a broker or bank will see their positions adjusted automatically.
"The reverse stock split is primarily intended to increase the per share price of each class of the Company's common stock, particularly its Class A common stock, which is currently trading on Nasdaq, to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing," ABTC said on Wednesday.
American Bitcoin Operates 89,000 Miners With 7,500+ BTC Holdings
American Bitcoin operates as a majority-owned subsidiary of Hut 8 Corp. Eric Trump serves as co-founder and chief strategy officer, and Donald Trump Jr. holds a role as strategic advisor. The company combines bitcoin mining with an accumulation strategy built around growing bitcoin holdings per share rather than chasing traditional earnings. It runs roughly 89,000 miners generating about 28.1 exahash of capacity and has reported bitcoin holdings above 7,500 BTC in recent updates.
FAQ
When does American Bitcoin's reverse stock split take effect?
The 1-for-15 reverse stock split takes effect at 5 p.m. on July 2, 2026. Shares begin trading on a split-adjusted basis when the market opens on July 6 under ticker ABTC and a new CUSIP number, 02462A 203.
Why did American Bitcoin execute a reverse stock split?
The company stated that the split is primarily intended to increase the per share price of its common stock to maintain compliance with Nasdaq's minimum bid price requirement for maintaining its listing. Stockholders approved the split at the annual meeting on June 22, and the board set the ratio at 1-for-15.
