American Bitcoin, the Trump family-backed cryptocurrency mining company, has announced a 1-for-15 reverse stock split aimed at restoring compliance with Nasdaq’s minimum bid price requirement. The move comes after the company’s shares hit an all-time low of $0.62 on Wednesday, triggering concerns about potential delisting.
The reverse split will consolidate every 15 Class A and Class B common shares into one share, reducing the outstanding share count from over one billion to approximately 73 million. While the split raises the per-share price, it does not change the company’s overall market capitalization. Trading on a split-adjusted basis under the existing ticker ABTC will commence Monday following the close of trading on Thursday.
Nasdaq Compliance and Shareholder Approval
Nasdaq requires listed companies to maintain a closing share price of at least $1. Stocks that trade below this threshold for 30 consecutive trading days risk delisting unless corrective action is taken. American Bitcoin’s reverse split is designed to lift the share price above this minimum bid requirement.
Shareholders approved the restructuring proposal on June 22. The company emphasized that the split targets the minimum bid rule and does not reflect any change in the company’s underlying valuation or business fundamentals.
Market Reaction and Stock Performance
Following the announcement, American Bitcoin shares fell nearly 8.4% during Wednesday’s session, closing at a record low of $0.62 before recovering slightly to around $0.65 in after-hours trading. The stock has lost more than 63% of its value in 2026 and remains over 92% below its peak after the company’s Nasdaq debut on September 3.
Reverse stock splits are often viewed as a defensive measure by companies facing exchange compliance pressures. While they can help maintain a listing, they do not inherently improve a company’s financial health or market perception.
Trump Family’s Role and Company Structure
American Bitcoin was co-founded by Donald Trump Jr. and Eric Trump early last year as part of the family’s broader expansion into digital assets. The company entered the public market through a merger with Gryphon Digital Mining, which already held a Nasdaq listing, giving the combined entity access to public trading under the ABTC symbol.
After the merger, Donald Trump Jr., Eric Trump, and mining firm Hut 8 collectively held approximately 98% of the business, giving the founding group dominant control. American Bitcoin remains the only publicly traded cryptocurrency company directly linked to the Trump family’s digital asset ventures, making its Nasdaq status a key connection between the family’s crypto ambitions and public market requirements.
What’s Next
Investors will closely watch Monday’s split-adjusted trading for signs of improved stability and renewed market confidence. While the reverse split addresses the immediate compliance issue, the company’s long-term success will depend on its operational performance and the broader cryptocurrency market environment.
This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
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