American Bitcoin Hits 8,000 BTC, Executes 1-for-15 Split

American Bitcoin, the Eric Trump-linked miner and treasury company, reported its Bitcoin holdings reached 8,000 BTC and that it completed a 1-for-15 reverse stock split to comply with Nasdaq’s minimum bid requirement. The split took effect after the market closed on July 2 and split-adjusted trading began on Nasdaq on July 6.

In its first-quarter 2026 SEC filing, the company reported Bitcoin holdings rose from about 5,401 BTC at the end of 2025 to roughly 7,021 BTC as of March 31. The filing shows the company mined about 817 BTC and purchased about 803 BTC during the quarter. Eric Trump, co-founder and chief strategy officer, stated to investors the firm held more than 7,300 BTC at that time; the latest public update lists the reserve at 8,000 BTC.

The filing disclosed operating and financial results for the quarter. American Bitcoin reported about $62.1 million in mining revenue, a net loss of $81.8 million, negative adjusted EBITDA of approximately $91.3 million, and a $117.2 million loss on digital assets. The company reported mining gross margin above 50% and a cost to mine of roughly $36,200 per BTC amid a quarter-over-quarter decline in Bitcoin’s price.

A Form 8-K filed June 22 showed shareholders approved a reverse-split range from 1-for-5 to 1-for-40. After the annual meeting, the board selected a 1-for-15 ratio. The company’s proxy noted that a reverse split does not change the company’s overall value or the immediate dollar value of an investor’s position. The proxy warned the post-split share price might not rise in proportion to the reduction in outstanding shares, that liquidity could decline, that odd-lot holders could face higher transaction costs, and that the split might not attract new investors.

The company said the number of authorized shares will remain unchanged after the split, so the count of outstanding shares will be lower while the total authorized but unissued shares remain available for future issuance. The filing states those authorized but unissued shares could be used for capital raises, acquisitions or other corporate purposes, and it cautioned that future issuances could substantially dilute existing holders.

Market data referenced in the filing show Bitcoin trading just under $64,000 on July 12, about 50% below its October 2025 peak. The company and investors will monitor trading volume and liquidity after the split, whether the firm provides detailed disclosure on how the 8,000 BTC is held and secured, and whether future capital raises change Bitcoin-per-share metrics.