American Bitcoin Plans 15-for-1 Reverse Stock Split
Minseung Kang
Summary
- American Bitcoin said it plans a 15-for-1 reverse stock split.
- American Bitcoin’s board approved a 15-for-1 reverse stock split after receiving shareholder approval, according to BitcoinTreasuries.net.
- American Bitcoin plans to carry out the reverse stock split as soon as possible.
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American Bitcoin, a Bitcoin mining and operating company co-founded by Eric Trump, the second son of US President Donald Trump, plans a reverse stock split.
BitcoinTreasuries.net, which tracks corporate Bitcoin holdings, wrote on X on June 25 that American Bitcoin’s board approved a 15-for-1 reverse stock split after receiving shareholder approval.
A 15-for-1 reverse stock split would combine 15 existing shares into one. That typically reduces the number of shares outstanding and adjusts the share price in line with the split ratio.
BitcoinTreasuries.net said American Bitcoin plans to carry out the reverse stock split as soon as possible.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.