Quote data as of 9:32 AM ET
American Bitcoin Corp (ABTC) operates as a firm focused on strategically accumulating and mining Bitcoin. The company was established through the consolidation of American Data Centers and Hut 8’s mining division. Its core mission is to boost its Bitcoin holdings on a per-share basis, which it achieves through a two-pronged approach: maintaining robust, large-scale mining operations and executing tactical Bitcoin acquisitions when market conditions are favorable. ABTC commenced trading publicly on the Nasdaq exchange in September 2025, an event that occurred after its merger with Gryphon Digital Mining.
American Bitcoin announced that its 1-for-15 reverse stock split will be effective at 5:00 p.m. on July 2, 2026, with shares trading on a split-adjusted basis starting July 6, 2026.
The split will reduce total outstanding shares from approximately 1.09 billion to 73 million and is intended to increase the per-share price to satisfy Nasdaq listing standards.
Stockholders approved the reverse split at the annual meeting on June 22, 2026, and no fractional shares will be issued.