Trump-Backed Bitcoin Firm ABTC to Combine Shares on July 2

A Bitcoin company connected to the Trump family is about to make a big change to its stock. American Bitcoin Corp. (trading symbol: ABTC) will carry out a "reverse stock split" on July 2, 2026.

A reverse stock split is when a company combines several of its existing shares into one bigger share. It doesn't change how much your total investment is worth — it just reduces the number of shares that exist and raises the price of each one. Companies often do this to make their stock price look healthier and more attractive to investors.

Here are the key numbers:

• The ratio is 1-for-15 — every 15 shares you own become 1 share.
• Total shares will drop from about 1.09 billion to roughly 73 million.
• The stock will start trading at the new adjusted price on July 6, keeping the same symbol, ABTC.

The company's shareholders (people who own pieces of the company) approved this plan at their annual meeting on June 22, where nearly 93.56% of voting shares took part. At the same meeting, they added a new board member and approved KPMG as the company's auditor (the firm that checks the company's financial records).

A bit of background: American Bitcoin was launched in 2025 when Eric Trump and Donald Trump Jr. teamed up with a mining company called Hut 8. Instead of doing a traditional stock market launch, the company joined with another firm already listed on the stock exchange to start trading in September 2025.

The company mines Bitcoin and holds it as a treasure chest of assets — it now owns more than 6,000 Bitcoin. However, its stock price has been very bumpy, at one point dropping over 50% because of wild swings in the crypto market.

Bottom line: This reverse split won't make investors richer or poorer overnight — it's mainly a cleanup move to reduce the huge number of shares and lift the price per share to a more normal level.

This is an AI-generated summary. Read the original article at: https://bitcoinmagazine.com/news/trump-backed-american-bitcoin-july-2