Deep Tide TechFlow news, on July 2, according to The Block, the Bitcoin mining company American Bitcoin (ABTC), founded by Eric Trump and Donald Trump Jr., announced that it will implement a 1:15 reverse stock split after the close on Thursday to maintain compliance with Nasdaq's minimum $1 bid requirement. After the split, the total outstanding shares will be reduced from approximately 1.09 billion to about 73 million. Currently, ABTC's stock price has fallen to a historic low of around $0.64, with a cumulative decline of over 64% year-to-date. As of now, the company holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.

BTC3.09%
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