American Bitcoin, the Eric Trump-linked miner and Bitcoin treasury company, is trying to steady its share price after a sharp slide. The company said it will carry out a 1-for-15 reverse stock split, a move that took effect after the market close on July 2 and began trading on a split-adjusted basis on Nasdaq on July 6.
The reverse split combines 15 existing shares into one. It lifts the quoted price per share, but does not change the company's market value or alter an investor's stake at the moment of the split.
The timing lands alongside a bigger Bitcoin reserve. American Bitcoin said its holdings reached 8,000 BTC, up from more than 7,000 BTC at the end of the first quarter and roughly 5,401 BTC at the end of 2025. Co-founder and chief strategy officer Eric Trump said earlier the company had more than 7,300 BTC and ranked among the largest publicly traded Bitcoin companies.
The company has tried to position itself as more than a simple treasury play. It says mining lets it acquire Bitcoin below market prices and add to reserves when capital and conditions allow. In the first quarter, it said it mined 817 BTC and bought another 803 BTC.
Still, the latest filing showed the business is not yet producing clean profits. American Bitcoin reported $62.1 million in mining revenue for the quarter, an $81.8 million net loss, negative adjusted EBITDA of $91.3 million and a $117.2 million loss on digital assets.
That leaves the stock with a simple test. Investors have to decide whether rising Bitcoin holdings and mining output are enough to justify the equity after a reverse split, or whether the split itself underlines weak demand for the shares. The next check point is whether the post-split stock can hold Nasdaq compliance and attract buying that supports the company’s Bitcoin-per-share story.
Bitcoin miner American Bitcoin combines 15 shares into one to avoid Nasdaq delisting
Bitcoin miner and treasury company American Bitcoin, linked to Eric Trump, combined 15 shares into one after its share price fell, raising the quoted price without changing the company’s market value or investors’ stakes at the time of the split. The move affects shareholders as American Bitcoin tries to remain listed on Nasdaq while holding 8,000 BTC and reporting an $81.8 million net loss.