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American Bitcoin executes 1-for-15 reverse split after BTC holdings rise

The reverse split took effect after the July 2 close, with split-adjusted trading beginning on Nasdaq July 6, while the company said it mined 817 BTC in Q1 and purchased 803 BTC.

Reported · Written up by our desk · Market Structure

American Bitcoin, the Eric Trump-linked public company focused on Bitcoin, said its Bitcoin holdings have risen to 8,000 BTC and that it is executing a 1-for-15 reverse stock split. The stock consolidation is intended to raise the price per share, a step the company said is used to help avoid Nasdaq delisting.

The reverse split took effect after the market closed on July 2, and split-adjusted trading began on Nasdaq on July 6. The company also disclosed that its holdings grew from about 5,401 BTC at the end of 2025 to roughly 7,021 BTC as of March 31, according to its first-quarter 2026 results filed with the SEC.

In the same filing, American Bitcoin reported mining about 817 BTC during the quarter and purchasing another 803 BTC. It said mining gross margin stayed above 50% even as Bitcoin’s price fell about 22% quarter over quarter, and it cited a cost to mine of about $36,200 per BTC.

Despite the accumulation, the filing highlighted ongoing losses, including about $81.8 million net loss, negative adjusted EBITDA of about $91.3 million, and a $117.2 million loss on digital assets. CryptoSlate reports the company’s argument that mining economics can help acquire Bitcoin below market prices, but the split also underscores that the market’s valuation may be hard to defend solely on BTC-per-share growth.

Latest closeBitcoin $63,937.47 ▲0.2%|Nasdaq Comp. 26,281.61 ▲0.3%

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