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American Bitcoin Falls 8.4% Before Reverse Stock Split

2026-07-02 02:56:35

Abstract generation in progress

American Bitcoin shares fell 8.4% to 62 cents after the company set a date for a 1-for-15 reverse stock split. The split will take effect after the market closes Thursday, and ABTC will trade on a split-adjusted basis Monday. American Bitcoin said the move aims to maintain compliance with Nasdaq's minimum bid requirements.

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