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CoinWorld news: American Bitcoin (ABTC), backed by the Trump family, hit an all-time low on Wednesday after the company announced a 1-for-15 reverse stock split, with its share price falling to $0.62, down nearly 8.4% from the previous trading day. The reverse stock split plan aims to maintain its Nasdaq listing eligibility and is expected to take effect after the market close on Thursday. After the reverse split, the company's outstanding shares will decrease from over 1 billion to approximately 73 million shares. American Bitcoin's stock price has fallen more than 63% since the beginning of this year.

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OldKeycapTrader
· 5h ago
From 1 billion shares reduced to 73 million, the equity game is played skillfully, but retail investors’ capital is wiped out.
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GateUser-e62ee1b0
· 13h ago
Just maintaining the listing qualification, don't expect this to change any trend.
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StopMessingAroundWithGasFees.
· 19h ago
ABTC is trending like this. After the reverse split, will it continue to go down?
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GateUser-4e0e3bcf
· 19h ago
Is this the project endorsed by the Trump family? Faith recharge failed.
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Lemon-FlavoredStopLoss
· 19h ago
1 to 15? This move is too familiar, the Americans are playing this game too.
View OriginalReply0
ProofOfCoffee
· 19h ago
Reverse stock split can't save fundamentals; the 63% drop shows the market has long stopped believing.
View OriginalReply0

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