Announcement • Jul 04
American Bitcoin Corp. Announces Reverse Stock Split to Maintain Compliance with the Minimum Bid Price Requirement American Bitcoin Corp. expects a 1-for-15 reverse stock split of its common stock will be effective at 5:00 p.m. on July 2, 2026. The Company anticipates that its Class A common stock will begin trading on a reverse split-adjusted basis on The Nasdaq Capital Market under the same symbol when the market opens on July 6, 2026, with the new CUSIP number, 02462A 203. The reverse stock split is primarily intended to increase the per share price of each class of the Company's common stock, particularly its Class A common stock, which is currently trading on Nasdaq, to maintain compliance with the minimum bid price requirement for maintaining its Nasdaq listing. The reverse stock split was approved by the Company's stockholders at its annual meeting of stockholders held on June 22, 2026. After this meeting, the Company's board of directors approved the reverse stock split at a ratio of 1-for-15. Recent Insider Transactions • Jun 17
Independent Director recently bought US$392k worth of stock On the 15th of June, Richard Busch bought around 450k shares on-market at roughly US$0.87 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$3.6m more in shares than they have sold in the last 12 months. ABTC
Live News • May 10
American Bitcoin Reports US$82m Q1 Loss With Record Output and Expanding BTC Holdings American Bitcoin reported a Q1 2026 net loss of about US$82m while achieving record quarterly mining output of 817 BTC and a 23% reduction in mining cost per Bitcoin to roughly US$36,200.
The company expanded its fleet with around 11,298 Bitmain S21 XP ASIC miners acquired at an implied 44% discount through a collateralized deal involving pledged Bitcoin.
American Bitcoin recently bought an additional 300 BTC, bringing total holdings to about 7,300 BTC and placing it 16th globally by reported Bitcoin holdings, while maintaining a policy of not selling Bitcoin.
For you as an investor, the mix of a sizeable quarterly loss with record production and lower unit mining costs points to a company leaning into scale and efficiency while accepting short-term earnings pressure. Holding costs at roughly US$36,200 per Bitcoin, compared with industry averages that are described as higher, may matter if you are focused on how mining margins behave at different Bitcoin price levels.
The decision to keep all mined Bitcoin and add more via purchases, even while posting a loss, concentrates the business on balance sheet exposure to Bitcoin. The recent 300 BTC purchase and the use of pledged Bitcoin to secure discounted miners both increase that exposure. If you are assessing ABTC, the key questions are likely around comfort with that concentrated approach, the durability of its lower cost structure, and how the enlarged fleet and growing reserves fit your own view of Bitcoin as an asset.