Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 22
    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 Price Prediction as Trump Threatens to Strike Iran Nuclear Sites Amid 10-Day Ceasefire Talks

    July 22, 2026
    Bitcoin

    Annamite Capital Announces Institutional Bitcoin Treasury Management Platform

    July 21, 2026
    Bitcoin

    DAT Went Wrong: Satsuma to Unwind Bitcoin Treasury, Sell Off $43 Million in BTC

    July 21, 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
    Utilities

    Maine Public Utilities Commission Rejects Plan to Report High Electricity Use to Police

    August 15, 2024
    Property

    UK’s ‘best’ seaside town sees house prices plunge as owners rush to sell | UK | News

    April 20, 2025
    Stock Market

    Stock Market Live Feb 27: Sensex falls nearly 600 points, Nifty slips below 25,300 on global jitters

    February 27, 2026
    What's Hot

    Morgan Stanley Files Bitcoin and Solana ETF Applications

    January 6, 2026

    Citi warns global stock markets are the frothiest since 2008 By Investing.com

    June 5, 2026

    Bitcoin nears $80K on conference hype, but crash may be looming

    April 26, 2026
    Most Popular

    European Shares Dip As Tech And Commodities Weigh On Markets

    July 19, 2024

    Stock Market Today: Nifty Closes Near 23,000, Sensex Up IndiGo L&T, Eternal, Asian Paints Top Gainers

    March 24, 2026

    US Stock Market Today: Gold nears $5,600 before pullback, Silver peaks at $121.75 then slides

    January 29, 2026
    Editor's Picks

    Sensex Today | Stock Market Highlights: Nifty closes below 26,000 as metal stocks slump from highs

    December 30, 2025

    Utilities risk penalizing efficiency by shifting to fixed charges – pv magazine International

    December 31, 2025

    Bitcoin crashes 50%: Should you buy the dip or stay away from crypto?

    June 21, 2026
    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.