American Bitcoin is shrinking. The Trump-linked crypto miner set a 1-for-15 reverse stock split to keep its Nasdaq listing alive.
The math is simple. Every 15 shares of Class A and B common stock become one. Outstanding shares drop from roughly 1.09 billion to about 73 million. The split takes effect after market close Thursday, and the adjusted shares start trading Monday under the same ticker — ABTC.
Why do this? Nasdaq rules require stocks to close above $1 for 30 consecutive trading days. ABTC has been flirting with danger. The reverse split is a mechanical fix. Push the price up artificially, clear the threshold, stay listed.
Shareholders approved the plan on June 22. The company says the goal is to “maintain compliance” with exchange requirements. That’s a polite way of saying: we’re running out of options.
American Bitcoin was formed early last year when the Trump brothers merged their venture with Gryphon Digital Mining. The stock has been sliding ever since, hammered by a crypto winter that’s taken Bitcoin from $126,000 to $60,000.
A reverse split doesn’t fix the underlying business. It just buys time.
