American Bitcoin Implements 1-for-15 Reverse Split to Maintain Nasdaq Compliance as Stock Falls to $0.64

American Bitcoin announced a 1-for-15 reverse stock split set for Thursday after-market close, with the stock reopening on a split-adjusted basis Monday under the same ABTC ticker. The move consolidates every 15 shares of Class A and Class B common stock into 1 share, reducing outstanding shares from approximately 1.09 billion to about 73 million, as the company seeks to maintain compliance with Nasdaq's $1 minimum bid requirement.

The stock hit a record low of around $0.64 on Wednesday and has fallen more than 64% year to date. American Bitcoin currently holds 7,500 BTC on its balance sheet, ranking it as the sixteenth-largest publicly traded bitcoin holder.