American Bitcoin (Nasdaq: ABTC) will implement a 1-for-15 reverse stock split effective July 2, reducing its outstanding shares to about 73 million ahead of reverse split-adjusted trading beginning July 6.
American Bitcoin added more than 6,500 Bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations.
American Bitcoin Corp. (Nasdaq: ABTC), a Trump family-linked mining company based in Miami, reported a $59 million fourth-quarter net loss after a 23% drop in bitcoin’s price triggered a $227 million non-cash mark-to-market charge
American Bitcoin Corp. added 416 bitcoin to its reserve, bringing total holdings to 4,783 BTC, while ProCap Financial increased its stack to 5,000 BTC.