American Bitcoin Corp., a leading Bitcoin accumulation platform, has announced a significant corporate action: a 1-for-15 reverse stock split of its Class A and Class B common shares. This reverse split is set to take effect at 5:00 p.m. on July 2, 2026, and the company expects its Class A common stock to commence trading on a reverse split-adjusted basis on The Nasdaq Capital Market under the symbol ABTC when the market opens on July 6, 2026.
The reverse stock split aims to reclassify every 15 issued and outstanding shares of both Class A and Class B common stock into one share of the same class. Pre-split, American Bitcoin Corp. has approximately 1.09 billion shares in circulation, which will be reduced to about 73 million shares post-split. This split will particularly impact the Class A shares and is intended to elevate the per share price, ensuring compliance with Nasdaq’s minimum bid price requirements.
The decision for the reverse stock split was approved by shareholders at the company’s annual meeting on June 22, 2026, following which the board of directors finalized the 1-for-15 ratio. Importantly, this corporate action will not alter the total number of authorized shares or the par value of each class of common stock.
For shareholders who hold shares directly, no immediate action is required to receive their post-split shares. Those holding shares through brokers or other nominees will see their holdings automatically adjusted without needing to take further action. Additionally, for shareholders with physical stock certificates, the company will distribute a transmittal letter with instructions following the effective date.
American Bitcoin Corp. is positioned as a majority-owned subsidiary of Hut 8 Corp. and aims to be a key player in building the infrastructure for Bitcoin in the U.S. Through a combination of self-mining and acquisition strategies, the company delivers institutional-grade exposure to Bitcoin, aligning with its vision of strengthening America’s Bitcoin ecosystem.
The company is preparing to provide further updates and materials regarding its operations and performance metrics through its official website and social media channels, emphasizing transparency and investor communication.
Furthermore, within the announcement, the company included cautionary language regarding forward-looking statements about the potential benefits of the reverse stock split. Factors influencing the success of this split and the stock’s future performance include market conditions, Bitcoin price volatility, competition, operational risks, and other business uncertainties. Interested investors are directed to consult the company’s filings with the Securities and Exchange Commission for more detailed insights and disclosures about potential risks and future plans.
