Eric Trump’s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding
American Bitcoin’s BTC holdings have grown to 8,000, up from about 7,000 at the end of Q1, but its stock has weakened enough to require a 1-for-15 reverse split to meet Nasdaq’s minimum bid rule. The company wants to position itself as a Bitcoin treasury and mining hybrid, arguing that mining lets it accumulate BTC below market cost. Q1 results showed strong BTC production and over 50% gross mining margin, but also a $81.8 million net loss, negative EBITDA, and a large digital-asset loss. The split raises share price mechanically but does not change value, and it may signal weak demand, lower liquidity, and future dilution risk because authorized shares stay unchanged. The key question is whether investors will value the stock above simply holding Bitcoin directly.
