ABTC shares plunge as Trump-linked miner executes 1-for-15 reverse split to keep Nasdaq listing

American Bitcoin (ABTC) shares hit a record low of $0.62 after the Trump family-linked crypto miner announced a 1-for-15 reverse stock split to maintain Nasdaq listing. The reverse stock split takes effect after Thursday’s close, with split-adjusted trading starting Monday, while ABTC keeps the same ticker. Under the 1-for-15 reverse split, every 15 shares of ABTC Class A and Class B common stock consolidate into one share. The company expects shares outstanding to fall from more than 1 billion to about 73 million. American Bitcoin says the move targets Nasdaq’s $1 minimum bid rule after the stock closed below $1 for 30 consecutive sessions. Shareholders approved the plan on June 22. ABTC’s reaction has been negative, with the stock down about 8.4% on Wednesday before a slight rebound toward $0.65. Year-to-date performance remains weak, with ABTC down more than 63% and down over 92% from the peak since its Nasdaq debut on Sept. 3 via a merger with Gryphon Digital Mining. For crypto traders, the key watch items are ABTC liquidity and delisting risk, since reverse stock splits are often treated as a financial-stress signal rather than an improvement in fundamentals. Broader crypto risk-off conditions also frame sentiment, with Bitcoin (BTC) around $60,000 and down roughly 32% year-to-date.