
American Bitcoin Slides to New Low Before 1-for-15 Reverse Stock Split
The Trump-family-linked mining firm hit a fresh low this week as it prepares a share consolidation aimed at keeping its Nasdaq listing.

Brian Otieno
East Africa Editor · Nairobi
American Bitcoin, the cryptocurrency mining company backed by the sons of US President Donald Trump, dropped to a new low on Wednesday, according to reporting from Cointelegraph and Decrypt. The decline came just ahead of a planned reverse stock split intended to lift the company's share price and secure its place on the Nasdaq exchange.
What Is Happening
As Decrypt reported, the mining firm is set to execute a 1-for-15 reverse stock split one day after touching the new low. In such a move, existing shares are consolidated so that every 15 shares become one, mechanically raising the per-share price without changing the underlying value of an investor's holding.
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