American Bitcoin Corp board approves 1-for-15 reverse stock split

American Bitcoin Corp has approved a 1-for-15 reverse stock split, meaning every 15 shares currently held will be consolidated into a single share. The board set the ratio after shareholders gave the green light at the company’s 2026 annual meeting on June 22.

What happened at the meeting

ABTC’s annual stockholder meeting drew strong participation, with approximately 93.56% of voting shares represented.

Beyond the reverse split, two other items of business were settled. Asher Genoot was elected as a Class I director. And KPMG LLP was ratified as the company’s auditor for the fiscal year ending December 31, 2026.

The charter amendment authorizing the reverse split consolidates the outstanding share count without decreasing the total number of authorized shares. The company can still issue new shares up to its previous ceiling, even though there are now far fewer shares circulating in the market.

Implementation is expected as soon as practicable following the meeting’s decisions, though no specific effective date has been publicly pinned down.

A familiar playbook

The company executed a 1-for-20 reverse stock split back in 2022. Then, when ABTC completed its merger with Historical ABTC on September 3, 2025, a 5-for-1 reverse split came along with it. Now, less than a year after that merger closed, shareholders are signing off on yet another consolidation.

NASDAQ requires listed companies to maintain a minimum bid price of $1 per share.

What this means for investors

Because the charter amendment preserves the full number of authorized shares while reducing the outstanding count, the gap between authorized and outstanding shares just got significantly wider. That gives the board substantial room to issue new shares in the future, whether for capital raises, acquisitions, or compensation plans.

Some projections have flagged the possibility of a near-term decline in share value of around 8%, reflecting the caution that typically accompanies these corporate actions.

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