The Trump family-affiliated mining firm ABTC has announced that it will implement a 1-for-15 reverse stock split on July 2nd.

BlockBeats News, July 1st, American Bitcoin (NASDAQ: ABTC) announced today that, as a "Bitcoin Accumulation Platform" focusing on building US Bitcoin infrastructure, the company plans to implement a 1-for-15 reverse stock split of its common stock, which will take effect on July 2, 2026, at 5:00 PM.

The company anticipates that the Class A common stock, adjusted after the reverse stock split, will resume trading on the Nasdaq Capital Market on July 6, 2026, at the market open, with the trading symbol remaining as ABTC.

At the effective time, every 15 shares of issued and outstanding Class A common stock will automatically be combined into 1 share of Class A common stock; every 15 shares of Class B common stock will also be combined into 1 share of Class B common stock, with adjustments made based on the fractions rule. Currently, the company has no outstanding Class C common stock.