American Bitcoin, a bitcoin mining company co-founded by Eric Trump (에릭 트럼프), the second son of U.S. President Donald Trump, will carry out a 1-for-15 reverse stock split to maintain its Nasdaq listing.

Blockchain media outlet Decrypt reported on July 1 that American Bitcoin will implement the reverse stock split after the market close on July 2, consolidating its Class A and Class B common shares into 1 share for every 15 shares. Trading on the new basis will begin at the open on July 6. The ticker symbol ABTC will be unchanged, but the CUSIP number will change.

The purpose is to raise the per-share price to meet the Nasdaq Capital Market's minimum share price requirement. American Bitcoin shares have continued to slide sharply. Based on Yahoo Finance, ABTC fell as low as $0.6122 intraday, its lowest price since listing. The stock has recently traded around $0.636, down more than 41 percent over the past month, and about 86 percent over the past year.

The company will also sharply reduce its total shares outstanding through the reverse split. Shares outstanding will fall to about 73 million from about 1.09 billion. This only reduces the number of shares and does not change the market capitalisation itself. The company explained that shareholders do not need to take any separate steps, and that fractional shares created in the process will be paid in cash.

The proposal was approved at the annual shareholders meeting held on June 22, and the board later finalised the 1-for-15 ratio. American Bitcoin is pursuing a strategy of directly holding bitcoin on its balance sheet alongside large-scale bitcoin mining operations. The company listed in September last year through a corporate merger, and North American bitcoin miner Hut 8 is its largest shareholder. Interest in the company also rose for a time after Eric Trump joined as a co-founder.

Reverse stock splits are frequently used by companies whose share prices have fallen for a prolonged period and no longer meet exchange listing requirements. While reducing the number of shares can lift the per-share price, it does not improve a company's value itself, so investors often view it as a technical step to maintain a listing rather than a fundamental solution.

Bitcoin's recent weakness is also weighing on the company. Bitcoin has slipped below $60,000 recently, down about 16 percent over the past month. It also fell below $58,000 at one point, its lowest level in about 21 months. The current price is also more than 50 percent below the record high of $126,000 set in October last year.

In this situation, disclosures of President Trump's cryptocurrency-related assets are again drawing attention. Donald Trump disclosed on June 30 that he earned more than $1.2 billion from cryptocurrency-related businesses in 2025 and holds more than $50 million in bitcoin. He met reporters early on July 1 and said he does not get involved in personal investment decisions, and leaves such judgments to advisers.

Whether American Bitcoin's attempt to defend its share price leads to an actual maintenance of its listing and a recovery in investor sentiment is expected to be seen in future trading.