{"id":46859,"date":"2026-07-01T15:29:00","date_gmt":"2026-07-01T15:29:00","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=46859"},"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:\/\/cryptomag.finance\/?p=46859","title":{"rendered":"Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nTrump-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":1,"featured_media":46860,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-46859","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nTrump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=46859\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2 - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=46859\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-01T15:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2026\/03\/Trump-Linked-American-Bitcoin-ABTC-Surpasses-7000-BTC-as-Treasury-Growth-Accelerates-Mining-Peer-Slides.jpg\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2\",\"datePublished\":\"2026-07-01T15:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859\"},\"wordCount\":418,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Trump-Linked-American-Bitcoin-ABTC-Surpasses-7000-BTC-as-Treasury-Growth-Accelerates-Mining-Peer-Slides-sy9DDI.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=46859\",\"name\":\"Trump-Backed American Bitcoin (ABTC) Sets Reverse Split for July 2 - 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