Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, September 3
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Trump-Backed American Bitcoin (ABTC) Sets Reverse Split For July 2
    Bitcoin

    Trump-Backed American Bitcoin (ABTC) Sets Reverse Split For July 2

    July 1, 20262 Mins Read


    American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform focused on the buildout of America’s 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. 

    The board fixed the ratio after shareholders granted their approval at the company’s 2026 annual meeting on June 22.

    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.

    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.

    The company has no Class C common stock outstanding. The step reduces the share count from 1,092,295,800 shares — 360,070,897 of Class A, 732,224,903 of Class B, and no Class C — 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. 

    The reverse split leaves the number of authorized shares and the par value of each class unchanged, according to the company.

    Participation at the June 22 meeting reached a high level, with close to 93.56% of voting shares represented, the company said.

    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’s auditor for the fiscal year that ends December 31, 2026.

    American Bitcoin’s background

    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. 

    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.

    Rather than pursue a traditional IPO, the company merged with Gryphon Digital Mining and used its Nasdaq listing as a vehicle. 

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



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWhy is Micron Technology stock sliding today? By Investing.com
    Next Article Citi Slashes Its 12-Month Bitcoin Target To $82,000

    Related Posts

    Bitcoin

    Bitcoin Bear Market Debate: Is the 40% Rebound a New Bull Cycle?

    September 2, 2026
    Bitcoin

    BlackRock’s Bitcoin ETF beat the S&P 500

    September 2, 2026
    Bitcoin

    Hong Kong’s Digital Asset Moment: Forthright Securities on What Bitcoin Asia Signals for Licensed Finance

    September 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    SharpLink, Trump Media, Jetking Pour Billions into Bitcoin and Ether

    August 3, 2025
    Investing

    Lower CPI and Falling Treasury Yields Support More Market Upside

    August 12, 2026
    Bitcoin

    Ethereum, Bitcoin & Cardano – European Wrap 5 September

    September 5, 2025
    What's Hot

    And What if This “Boring” Phase of Bitcoin Hid a Golden Opportunity?

    August 17, 2024

    Iron ore gains as upbeat data outweighs renewed Sino-US trade tension

    October 13, 2025

    Israeli finance minister describes plans to turn Gaza into a ‘real estate bonanza’ as bombs hammer the enclave

    September 17, 2025
    Most Popular

    les fondamentaux de l’or restent bons

    September 4, 2007

    Dow, S&P 500, Nasdaq slip as tariff concerns mount ahead of key inflation data

    July 14, 2025

    LCFE lists N23.4 billion Eko rice contracts

    September 28, 2025
    Editor's Picks

    Digital Planet – What happens when the Bitcoin miners leave?

    August 2, 2026

    On finance des pêches qui rendent malades

    May 29, 2025

    PSC wraps up coal-cost task force investigation, order utilities to pursue energy efficiency programs for customers

    July 19, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.