Overview
- The company announced the 1-for-15 reverse stock split will be effective at 5:00 p.m. ET on Thursday, July 2, 2026, and Class A shares are expected to trade on a split-adjusted basis under ticker ABTC at the open on Monday, July 6, 2026.
- Under the split every 15 issued shares of Class A and Class B will convert into one share, cutting outstanding stock from about 1.092 billion to roughly 73 million shares, made up of about 24 million Class A and 49 million Class B shares.
- No fractional shares will be issued and the transfer agent, Continental Stock Transfer & Trust Company, will pay cash in lieu of fractional entitlements while brokered positions will be adjusted automatically.
- Shareholders approved the measure at the June 22, 2026 annual meeting with high participation and the board later fixed the 1-for-15 ratio; that meeting also added director Asher Genoot and ratified KPMG as auditor for fiscal 2026.
- American Bitcoin is majority-owned by Hut 8 and grew from a March 2025 rebrand of American Data Centers with Trump-family involvement; the company operates Bitcoin miners and a treasury accumulation strategy that it says supports long-term holding of Bitcoin.