American Bitcoin Corp. (Nasdaq: ABTC), a Bitcoin accumulation platform centered on the buildout of America’s Bitcoin infrastructure spine, has set the efficient time of its 1-for-15 reverse inventory cut up for five:00 p.m. on July 2, 2026.
The board mounted the ratio after shareholders granted their approval on the firm’s 2026 annual assembly on June 22.
The widespread inventory will start commerce on a reverse split-adjusted foundation on The Nasdaq Capital Market underneath the identical image, ABTC, on the market open on July 6.
What this implies is that each 15 issued and excellent shares of Class A typical inventory will reclassify into one share of Class A typical inventory, and each 15 issued and excellent shares of Class B widespread inventory will reclassify into one share of Class B widespread inventory, every topic to adjustment for fractional shares.
The corporate has no Class C widespread inventory excellent. The step reduces the share rely from 1,092,295,800 shares — 360,070,897 of Class A, 732,224,903 of Class B, and no Class C — to shut to 73 million shares, a determine that contains some 24 million shares of Class A, some 49 million shares of Class B, and no Class C.
The reverse cut up leaves the variety of licensed shares and the par worth of every class unchanged, in response to the corporate.
Participation on the June 22 assembly reached a excessive stage, with near 93.56% of voting shares represented, the corporate stated.
Two different measures handed on the similar session: Asher Genoot joined the board as a Class I director, and KPMG LLP gained ratification as the corporate’s auditor for the fiscal 12 months that ends December 31, 2026.
American Bitcoin’s background
American Bitcoin traces its roots to American Knowledge Facilities, the enterprise rebranded in March 2025 when Eric Trump and Donald Trump Jr. joined mining infrastructure agency Hut 8 to launch the corporate.
Hut 8 contributed mining belongings for an eighty % stake, whereas the Trump household and American Knowledge Facilities shareholders held the remaining. Eric Trump serves as co-founder and chief technique officer.
Somewhat than pursue a standard IPO, the corporate merged with Gryphon Digital Mining and used its Nasdaq itemizing as a car.
American Bitcoin started buying and selling in September 2025 as a pure-play miner and Bitcoin treasury platform. The reserve has since climbed previous 6,000 BTC, although the shares have seen sharp swings amid crypto volatility.