Trump-Backed American Bitcoin Hits New Low Price Ahead of Reverse Stock Split

Decrypt07-01

In brief American Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2. The move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq's minimum bid price ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2648523521?lang=en_US&edition=fundamental","thumbnail":"https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/08/eric-trump-decrypt-style-01-gID_7.jpg@webp","is_english":true,"pubTime":"2026-07-01 18:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648523521","market":"nz","top_or_hot":-1,"title":"Trump-Backed American Bitcoin Hits New Low Price Ahead of Reverse Stock Split","media":"Decrypt","content":"<div>\n<p>In brief\nAmerican Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2.\nThe move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq's minimum bid price ...</p>\n\n<a href=\"https://decrypt.co//372550/trump-backed-american-bitcoin-new-low-price-reverse-stock-split\">Source Link</a>\n\n</div>\n","source":"decrypt_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump-Backed American Bitcoin Hits New Low Price Ahead of Reverse Stock Split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump-Backed American Bitcoin Hits New Low Price Ahead of Reverse Stock Split\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-01 18:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//372550/trump-backed-american-bitcoin-new-low-price-reverse-stock-split><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nAmerican Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2.\nThe move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq's minimum bid price ...</p>\n\n<a href=\"https://decrypt.co//372550/trump-backed-american-bitcoin-new-low-price-reverse-stock-split\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBXY","symbol_name":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","start_time":0,"source_url":"https://decrypt.co//372550/trump-backed-american-bitcoin-new-low-price-reverse-stock-split","article_id":"2648523521","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/08/eric-trump-decrypt-style-01-gID_7.jpg@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//372550/trump-backed-american-bitcoin-new-low-price-reverse-stock-split","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648523521","pubTimestamp":1782903195,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"Bitcoin mining firm American Bitcoin fell to a new low price Wednesday, one day before executing a 1-for-15 reverse stock split.","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITO":"比特币期货ETF-ProShares","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","BTC":"Grayscale Bitcoin Mini Trust","GBTC":"比特币ETF-Grayscale","HODL":"比特币ETF-VanEck","BCCC":"Global X Bitcoin Covered Call ETF","BTCC":"Grayscale Bitcoin Covered Call ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BTF":"比特币&以太币期货ETF-CoinShares","DEFI":"比特币期货ETF-Hashdex","ARKB":"比特币ETF-21Shares","YBTC":"比特币看涨期权ETF-Roundhill","BTCI":"NEOS Bitcoin High Income ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","BTFX":"比特币期货ETF-CoinShares","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BITU":"2倍做多比特币期货ETF-Proshares","BPI":"Grayscale Bitcoin Premium Income ETF","EZBC":"比特币ETF-Franklin","SBIT":"2倍做空比特币期货ETF-Proshares","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","FBTC":"比特币ETF-Fidelity","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BITX":"2倍比特币期货ETF-Volatility Shares","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BTCO":"比特币ETF-Invesco Galaxy","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BITB":"比特币ETF-Bitwise","BTRN":"比特币期货ETF-Global X","BETH":"比特币&以太币期货ETF-ProShares","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","MAXI":"比特币期货ETF-Simplify","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BTCW":"比特币ETF-Wisdom Tree","BITI":"1倍做空比特币期货ETF-Proshares","IBIT":"比特币ETF-iShares","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October"},"translate_title":"特朗普支持的美国比特币在反向股票分割前创下新低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBOA":0.6,"BFJL":0.6,"DFII":0.6,"BITY":0.6,"CBXO":0.6,"CBXJ":0.6,"CBXA":0.6,"BITB":0.6,"BFAP":0.6,"CBTY":0.6,"BAGY":0.6,"MNRS":0.6,"CBTO":0.6,"CBOY":0.6,"FBTC":0.6,"YBTC":0.6,"CBXY":0.6,"BETH":0.6,"BETE":0.6,"BTRN":0.6,"EZBC":0.6,"BCCC":0.6,"BITU":0.6,"BTCL":0.6,"BTCO":0.6,"BITO":0.6,"IBIT":0.6,"BTFX":0.6,"GBTC":0.6,"BITX":0.6,"BTCW":0.6,"BTCZ":0.6,"BTCC":0.6,"BTF":0.6,"SBIT":0.6,"BTCI":0.6,"BITI":0.6,"BPI":0.6,"CBOO":0.6,"CBTA":0.6,"BTC":0.6,"HODL":0.6,"MAXI":0.6,"XBTY":0.6,"CBTJ":0.6,"QBF":0.6,"ARKB":0.6,"DEFI":0.6},"content_text":"In brief\nAmerican Bitcoin Corp. will execute a 1-for-15 reverse stock split on July 2.\nThe move is intended mainly to boost the per-share price so the company keeps meeting Nasdaq's minimum bid price rule.\nABTC shares fell to a fresh low Wednesday, and were recently down 41% in the last month.\nAmerican Bitcoin Corp., the Bitcoin mining and accumulation company co-founded by Eric Trump and majority-owned by Hut 8 Corp., is set to consolidate its shares in a 1-for-15 reverse stock split, the company announced Wednesday, in a move aimed at lifting its stock price back above Nasdaq's minimum listing threshold.The split will take effect at 5 p.m. ET on July 2, with shares expected to begin trading on a split-adjusted basis when markets open July 6. The stock will continue trading under the ticker ABTC, but with a new CUSIP number.ABTC shares touched their lowest price to date on Wednesday, falling to $0.6122 per data from Yahoo Finance. At a recent price of $0.636, American Bitcoin is down more than 41% in the last month amid a broader swoon across the crypto market and related stocks. Shares have fallen nearly 86% in the last year.Under the plan, every 15 shares of the company's outstanding Class A and Class B common stock will be converted into a single share. The maneuver will shrink American Bitcoin's total share count from roughly 1.09 billion to about 73 million—a reduction the company said is designed primarily to boost its per-share price and preserve its Nasdaq Capital Market listing, which requires stocks to maintain a minimum bid price. Shareholders will not need to take action, and any fractional shares resulting from the split will be cashed out.The split was approved by shareholders at the company's annual meeting on June 22 and finalized by its board afterward at the 1-for-15 ratio.Reverse splits are common tools for companies whose share prices have fallen too low to satisfy exchange rules, though they are sometimes viewed by investors as a signal of underlying weakness rather than strength, since they mechanically raise the price per share without changing a company's actual market value.American Bitcoin, which runs large-scale mining operations while also accumulating Bitcoin on its balance sheet, went public through a merger process last September as part of a broader push by Hut 8 to build out what it has called America's Bitcoin infrastructure backbone.Bitcoin was recently trading near $60,150, down 16% over the last month but up from a 21-month low under $58,000 set overnight. The leading cryptocurrency is now down more than 50% from an all-time peak price above $126,000 set last October.On Tuesday, President Donald Trump—Eric’s father—disclosed that he earned more than $1.2 billion from crypto-related businesses in 2025, and holds over $50 million in Bitcoin. Trump dismisses criticism over the disclosure in comments to the press early Wednesday, saying that he doesn’t “get involved” in personal investment decisions, which are left to advisors.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648523521","isCrawlerRequest":true}