American Bitcoin completes 1-for-15 reverse split; holds 8,000 BTC

American Bitcoin Inc., linked to Eric Trump, carried out a 1-for-15 reverse stock split that took effect after the market close on July 2. Split-adjusted trading began on Nasdaq on July 6. The company filed that the reverse split was intended to raise the Class A share price to meet Nasdaq’s minimum bid requirement and avoid delisting.

The reverse split combines every 15 Class A shares into one share. The company had received shareholder approval for a reverse-split range from 1-for-5 to 1-for-40, and the board selected a 1-for-15 ratio. The company’s proxy filing warned the split may not result in a proportional rise in share price, could fail to attract new investors, and may reduce liquidity or increase transaction costs for holders with odd-lot positions.

In its first-quarter 2026 SEC filing, American Bitcoin reported that Bitcoin holdings rose from roughly 5,401 BTC at the end of 2025 to about 7,021 BTC as of March 31. Company leadership later provided updates listing holdings above 7,300 BTC, with the most recent update reporting about 8,000 BTC. During the first quarter the company reported mining approximately 817 BTC and purchasing about 803 BTC.

The company reported $62.1 million in mining revenue for the quarter. It reported mining gross margin above 50% and a reported cost to mine of about $36,200 per Bitcoin, despite a roughly 22% quarter-over-quarter decline in Bitcoin’s price.

Financial results for Q1 showed an $81.8 million net loss, negative adjusted EBITDA of about $91.3 million, and a $117.2 million loss on digital assets, all disclosed in the company’s filings.

After the reverse split the company left its authorized share count unchanged. Outstanding shares will decrease with the split, while the total number of shares the company may issue remains the same. The proxy filing states those authorized but unissued shares could be used for capital raises, acquisitions or other corporate purposes and warns that future issuances could substantially dilute existing holders.

The company has described mining as a central part of its strategy, stating that mining enables acquisition of Bitcoin at below-market costs and supports accumulation without relying solely on equity raises. The filings and public updates provide the company’s operating and holding figures; the Nasdaq compliance action and the unchanged authorized share count are recorded in the company’s regulatory disclosures.

As of July 12, the market price of Bitcoin was trading just under $64,000, a figure the company referenced in its public reports.