American Bitcoin Corp’s American Bitcoin reverse stock split at a ratio of 1-for-15 was formally approved at the company’s 2026 Annual Meeting of Stockholders, held on 23 June 2026, following shareholder backing for a charter amendment that had given the board discretion to set any ratio between 1-for-5 and 1-for-40. The board landed on 1-for-15. ABTC shares continued to slide regardless.
The mechanics are standard: outstanding share count drops by a factor of 15, authorised share count stays unchanged, and per-share price adjusts upward proportionally with no change to aggregate market capitalisation. What changes is the gap between authorised and outstanding shares, which widens considerably after the reduction in the float.
What the proxy actually authorised
The DEF 14A proxy statement filed with the SEC shows shareholders were not voting on a fixed 1-for-15 ratio. They were authorising the board to select any ratio within the 1-for-5 to 1-for-40 range at its discretion. The board subsequently chose 1-for-15 and the company said the split will take effect as soon as practicable.
This is not American Bitcoin’s first encounter with reverse splits. According to Crypto Briefing, a predecessor entity executed a 1-for-20 reverse split in 2022. Then, per the 8-K filed at the September 2025 merger closing, the predecessor company Gryphon effected a 5-for-1 reverse split on 2 September 2025 immediately before the merger that created the current American Bitcoin Corp. Three reverse splits across the entity’s history is a pattern worth tracking.
American Bitcoin reverse stock split lands against a deteriorating price chart
ABTC closed Wednesday’s session at $0.74, down 4.17%, after trading between $0.73 and $0.78 intraday. Early Thursday trading extended the slide: shares fell a further 3.15% to around $0.72, touching a low of $0.68. The stock has shed roughly 17% over the past week and is down approximately 60% year-to-date, per Google Finance data.
Per-share losses have narrowed year-on-year, though the company remains unprofitable. Simply Wall St reports a Q1 2026 loss of $0.08 per share, compared with a Q1 2025 loss of $1.99 per share. Full-year 2025 produced a loss of $0.17 per share, against a profit of $8.59 per share in FY2024.
Macro pressure added to the session. Bitcoin traded around $59,360, down 2.6% over the prior 24 hours after slipping below the $60,000 mark as markets processed the latest U.S. Personal Consumption Expenditures inflation print.
Ownership structure and the shareholder register
Shareholders also elected Asher Genoot as a Class I director for a three-year term expiring in 2029, and reapproved KPMG LLP as the company’s independent registered public accounting firm.
The filing further disclosed RSU vesting on the annual meeting date. Justin Mateen received 254,778 Class A common shares, Richard Busch was issued 254,778 shares, and Michael Broukhim received 270,701 shares, each through one-for-one conversions of vested restricted stock units.
The company’s dominant shareholder remains American Bitcoin Holdings LLC. According to a Schedule 13D filed with the SEC on 10 September 2025, that entity beneficially owned 585,779,924 shares, representing 64.5% of common stock as of that filing date.
American Bitcoin, backed by Eric Trump and Donald Trump Jr., has accumulated more than 7,500 BTC since launch and currently ranks 16th among publicly traded corporate Bitcoin holders. The reverse split tidies up the share price optics; whether it changes the trajectory of the treasury strategy is a different question, and Bitcoin’s proximity to the $60,000 level will answer it faster than any corporate action.
