Trump-family miner American Bitcoin plans reverse split to keep its Nasdaq listing

American Bitcoin, the mining and treasury company founded by Eric Trump and Donald Trump Jr., said Wednesday it will carry out a 1-for-15 reverse stock split next week in order to keep meeting Nasdaq's minimum $1 bid-price requirement, according to The Block, which cited the company's own announcement.

The split takes effect after the market close on Thursday, July 2, and the stock will begin trading on a split-adjusted basis on Monday, July 6, under its existing ABTC ticker. Every 15 shares of Class A and Class B common stock consolidate into one, cutting shares outstanding from roughly 1.09 billion to about 73 million. The Block reports shareholders approved the move at the company's annual meeting in June. Mechanically, a reverse split raises the per-share price without changing the company's value or an investor's stake — it does not fix the decline that pushed the stock toward delisting territory.

The trigger is the share price. The Block, citing its crypto equities price page, reported ABTC fell to a record low of about $0.64 on Wednesday and is down more than 64% year-to-date.

The company's balance sheet, per figures The Block attributes to the company and to BitcoinTreaduries — spelled BitcoinTreasuries — data: American Bitcoin reported an $81.8 million first-quarter loss, driven mostly by unrealized losses on its bitcoin, while mining a record 817 BTC and buying another 803 BTC in the quarter. It ended March with 7,021 BTC and has since raised that to 7,500 BTC, which BitcoinTreasuries ranks as the 16th-largest holding among publicly traded companies.

Key facts

• 1-for-15 reverse split; effective after close Thursday, split-adjusted trading Monday under ABTC — American Bitcoin, via The Block.
• Shares outstanding fall from ~1.09 billion to ~73 million — The Block.
• ABTC hit a record low ~$0.64 Wednesday, down 64%+ YTD — The Block crypto equities page.
• Q1 loss of $81.8 million, mostly unrealized bitcoin losses; 817 BTC mined, 803 BTC bought — company figures via The Block.
• Holdings now 7,500 BTC, 16th-largest public holder — BitcoinTreasuries via The Block.

The real-world read

The framing to resist is that this is a routine bit of corporate housekeeping. It is a listing-survival measure: Nasdaq threatens to delist stocks that trade under $1, and at $0.64 the clock was running. The Block notes American Bitcoin isn't alone — David Bailey's Nakamoto did a 1-for-40 split in May after NAKA sank as low as $0.14, a sign of broader stress in bitcoin-treasury equities rather than a one-off. Worth flagging: the underlying business mined a record quarter and grew its stack, yet still posted an $81.8 million loss and a two-thirds share decline, because the treasury model ties results to bitcoin's mark-to-market. The Trump family branding does nothing to change that arithmetic. Only The Block's account was available here; the company's own filing would be the primary confirmation of the split terms and date.

This is news coverage, not financial advice.