Why did American Bitcoin approve a Bitcoin (CRYPTO)-related reverse stock split?

American Bitcoin approved the one-for-15 reverse stock split to reduce the number of outstanding shares while increasing the per-share trading price. The company said the change will not alter shareholders' overall ownership or the total number of authorised shares.

What are American Bitcoin's Bitcoin (CRYPTO) holdings after the latest corporate update?

American Bitcoin holds more than 7,500 Bitcoin (CRYPTO), making it one of the largest publicly traded corporate Bitcoin holders. The company continues to combine Bitcoin mining operations with a corporate Bitcoin treasury strategy.

How is the reverse stock split expected to affect American Bitcoin's Bitcoin (CRYPTO) investors?

The reverse stock split changes the number of shares outstanding but does not change the overall value of American Bitcoin's Bitcoin (CRYPTO) holdings or shareholders' proportional ownership. Companies commonly use reverse splits to increase their share price.

What does the American Bitcoin announcement mean for its Bitcoin (CRYPTO) strategy?

The announcement indicates American Bitcoin remains committed to its Bitcoin (CRYPTO) treasury strategy while making corporate governance changes. Shareholders also elected Asher Genoot to the board and reappointed KPMG as the company's independent auditor.

Why are American Bitcoin's Bitcoin (CRYPTO) shares still under pressure?

American Bitcoin's shares have remained weak despite its Bitcoin (CRYPTO) treasury and the reverse stock split. The stock closed at US$0.74 before falling to about US$0.72 in early Thursday trading, leaving it down roughly 60% since the beginning of the year.

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American Bitcoin approves 1-for-15 stock split

Written by Jon CuthbertPublished Jun 26, 2026, 12:48 AM

American Bitcoin has approved a one-for-15 reverse stock split following shareholder approval at its 2026 annual meeting.
Shareholders also elected Asher Genoot to the board and reappointed KPMG as the company's independent auditor.
The Trump-backed Bitcoin mining company continues to hold more than 7,500 Bitcoin despite ongoing weakness in its share price.

American Bitcoin approved a one-for-15 reverse stock split after shareholders voted in favour of several corporate proposals at the company's 2026 annual meeting, with the change set to take effect as soon as practicable.

The company said the reverse split will reduce the number of outstanding shares while leaving the total number of authorised shares unchanged, a move commonly used to increase a company's per-share trading price without changing shareholders' overall ownership.

According to the company's filing with the U.S. Securities and Exchange Commission, shareholders also elected Asher Genoot as a Class I director until 2029 and approved the reappointment of KPMG as American Bitcoin's independent registered public accounting firm.

American Bitcoin, the Bitcoin (CRYPTO:BTC) mining and treasury company backed by Eric Trump and Donald Trump Jr., has accumulated more than 7,500 Bitcoin, ranking it among the largest publicly listed corporate Bitcoin holders.

The filing also disclosed new share issuances to directors following the vesting of restricted stock units, with Justin Mateen and Richard Busch each receiving 254,778 Class A shares and Michael Broukhim receiving 270,701 shares.

American Bitcoin shares closed down 4.17% at US$0.74 on Wednesday before falling a further 3.15% to about US$0.72 in early Thursday trading, leaving the stock down about 60% since the start of the year.

The corporate update comes as lawmakers continue scrutinising cryptocurrency-related businesses linked to the Trump family, while broader cryptocurrency markets remain under pressure following recent U.S. inflation data.

At the time of reporting, Bitcoin price was $59,681.17.

American Bitcoin approves 1-for-15 stock split

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