Eric Trump's bitcoin mining company American Bitcoin (ABTC) executed a 1-for-15 reverse stock split in early July, aiming to keep the Nasdaq listing minimum share price requirement. The company’s stock has cumulatively fallen by more than 95% from its all-time high. ABTC posted an operating loss of $118.2 million in Q1 2026, but it still added about 500 BTC, with total holdings exceeding 8,000 BTC.
ABTC Executes a 1-for-15 Reverse Stock Split, Down More Than 95% Cumulatively From Its All-Time High
According to reports, American Bitcoin (ABTC) executed a 1-for-15 reverse stock split in early July 2026, consolidating every 15 shares into 1 share. The direct goal was to maintain compliance with the Nasdaq’s minimum share price requirement. A reverse split itself does not create value, but it signals that the company faces delisting risk and is often accompanied by reduced stock liquidity and a deterioration in investor sentiment.
The company’s stock has cumulatively dropped by more than 95% from its all-time high; according to blockchain analyst Hupzy’s monitoring, over the past 10 months, the book value of the roughly 6% ABTC stake held by Eric Trump has shrunk by more than $600 million.
Q1 Operating Loss of $118.2 Million, Still Holding More Than 8,000 BTC
According to financial reports, ABTC’s operating loss in Q1 2026 reached $118.2 million, with the vast majority stemming from bitcoin impairment losses. Despite the loss, the company still added about 500 BTC during the quarter, bringing its total bitcoin holdings on its balance sheet to more than 8,000 BTC.
Hupzy: If the Financial Situation Deteriorates and Funding Fails, More Than 8,000 BTC May Be Forced to Be Sold
According to blockchain analyst Hupzy’s analysis, ABTC’s holdings of over 8,000 BTC face the following risk scenarios:
Reverse Split Intensifies Stock Selling: Lower stock liquidity, declining confidence among institutional investors
Difficulty Securing Financing: If the company cannot continue to obtain external funding, it may be forced to sell bitcoin assets to meet its debt obligations
Chain Reaction: A complete path of “sell shares → sell BTC → downward pressure on the coin price”
Scale Impact: 8,000 BTC poses significant supply-side pressure on the BTC market, which is already in a consolidation phase
FAQ
Why did ABTC execute a reverse stock split? How has the stock performed?
According to reports, American Bitcoin (ABTC) executed a 1-for-15 reverse stock split in early July 2026, with the aim of maintaining compliance with the Nasdaq’s minimum share price listing requirement; the company’s stock has cumulatively fallen by more than 95% from its all-time high.
How many BTC does ABTC currently hold, and why is there a risk of selling?
According to reports, ABTC holds more than 8,000 BTC on its balance sheet; blockchain analyst Hupzy noted that if the financial situation continues to deteriorate and external funding cannot be obtained, this batch of BTC could become a source for forced selling, triggering a chain reaction of “selling shares → selling BTC → downward pressure on the coin price.”
How many shares of ABTC does Eric Trump hold, and how much is his book loss?
According to blockchain analyst Hupzy’s monitoring, Eric Trump holds about 6% of ABTC’s shares; over the past 10 months, his stake’s book value has shrunk by more than $600 million.
