{"id":190595,"date":"2026-07-01T15:29:00","date_gmt":"2026-07-01T15:29:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=190595"},"modified":"2026-07-01T15:29:00","modified_gmt":"2026-07-01T15:29:00","slug":"trump-backed-american-bitcoin-abtc-sets-reverse-split-for-july-2","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=190595","title":{"rendered":"Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2<\/a><\/p>\n

<\/div>\n

American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform focused on the buildout of America\u2019s Bitcoin infrastructure backbone, has set the effective time of its 1-for-15 reverse stock split for 5:00 p.m. on July 2, 2026.\u00a0<\/p>\n

The board fixed the ratio after shareholders granted their approval at the company\u2019s 2026 annual meeting on June 22.<\/p>\n

The common stock will begin trade on a reverse split-adjusted basis on The Nasdaq Capital Market under the same symbol, ABTC, at the market open on July 6.<\/p>\n

What this means is that every 15 issued and outstanding shares of Class A common stock will reclassify into one share of Class A common stock, and every 15 issued and outstanding shares of Class B common stock will reclassify into one share of Class B common stock, each subject to adjustment for fractional shares.<\/p>\n

The company has no Class C common stock outstanding. The step reduces the share count from 1,092,295,800 shares \u2014 360,070,897 of Class A, 732,224,903 of Class B, and no Class C \u2014 to close to 73 million shares, a figure that comprises some 24 million shares of Class A, some 49 million shares of Class B, and no Class C.\u00a0<\/p>\n

The reverse split leaves the number of authorized shares and the par value of each class unchanged, according<\/a> to the company.<\/p>\n

Participation at the June 22 meeting reached a high level, with close to 93.56% of voting shares represented, the company said.<\/p>\n

Two other measures passed at the same session: Asher Genoot joined the board as a Class I director, and KPMG LLP gained ratification as the company\u2019s auditor for the fiscal year that ends December 31, 2026.<\/p>\n

American Bitcoin\u2019s background<\/h2>\n

American Bitcoin traces its roots to American Data Centers, the venture rebranded in March 2025 when Eric Trump and Donald Trump Jr. joined mining infrastructure firm Hut 8 to launch the company<\/a>.\u00a0<\/p>\n

Hut 8 contributed mining assets for an eighty percent stake, while the Trump family and American Data Centers shareholders held the rest. Eric Trump serves as co-founder and chief strategy officer.<\/p>\n

Rather than pursue a traditional IPO, the company merged with Gryphon Digital Mining<\/a> and used its Nasdaq listing as a vehicle.\u00a0<\/p>\n

American Bitcoin began trading in September 2025<\/a> as a pure-play miner and Bitcoin treasury platform. The reserve has since climbed past 6,000 BTC<\/a>, though the shares have seen sharp swings<\/a> amid crypto volatility.<\/p>\n

This post Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2 American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform focused on the buildout of America\u2019s Bitcoin infrastructure backbone, has set the effective time of its 1-for-15 reverse stock split for 5:00 p.m. on July 2, 2026.\u00a0 The board fixed the ratio after shareholders […]<\/p>\n","protected":false},"author":0,"featured_media":190596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-190595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/190595"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=190595"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/190595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/190596"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=190595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=190595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=190595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}