American Bitcoin Shrinks Float 93% as Reverse Split Takes Effect Thursday

Split Takes Effect This Week

The Nasdaq-listed miner, trading under the ticker ABTC, disclosed that the split becomes effective at 5 p.m. on July 2, 2026. Shares are expected to begin trading on a split-adjusted basis when the market opens on July 6 under the same ticker and a new CUSIP number, 02462A 203.

Shares Fall From Over a Billion to 73 Million

Every 15 shares of Class A and Class B common stock will convert into one share. That reduces total shares outstanding from roughly 1.09 billion to approximately 73 million, split between about 24 million Class A shares and 49 million Class B shares. American Bitcoin holds no Class C shares. Stockholders who end up with fractional shares will receive a cash payment instead, handled by transfer agent Continental Stock Transfer & Trust Company.

Nasdaq Compliance Drives the Move

The company detailed that the split is meant to lift its per share price and keep it above Nasdaq’s minimum bid price requirement. Stockholders approved the split at the company’s annual meeting on June 22. The board then set the ratio at 1-for-15. Registered shareholders do not need to take action. Investors holding shares through a broker or bank will see their positions adjusted automatically.

“The reverse stock split is primarily intended to increase the per share price of each class of the Company’s common stock, particularly its Class A common stock, which is currently trading on Nasdaq, to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing,” ABTC said on Wednesday.

Trump Family Ties Stay in the Spotlight

American Bitcoin operates as a majority-owned subsidiary of Hut 8 Corp. Eric Trump serves as co-founder and chief strategy officer, and Donald Trump Jr. holds a role as strategic advisor. The company combines bitcoin mining with an accumulation strategy built around growing bitcoin holdings per share rather than chasing traditional earnings. It runs roughly 89,000 miners generating about 28.1 exahash of capacity and has reported bitcoin holdings above 7,500 BTC in recent updates.

What This Means for Investors

A reverse split does not change a company’s market capitalization or the value of an existing position. It reduces the number of shares while raising the price of each one proportionally. For American Bitcoin, the split addresses a listing requirement rather than a change in the company’s mining output or treasury strategy. Traders watching ABTC should expect the adjusted price and share count to appear when trading resumes on July 6, with fundamentals unchanged by the mechanics of the split itself.