American Bitcoin’s shares fell more than 95% from their peak, reducing the value of Eric Trump’s roughly 6% stake by over $600 million, according to Bloomberg. The decline followed a 1‑for‑15 reverse split implemented to satisfy Nasdaq’s minimum bid‑price rule.

The firm’s Bitcoin treasury grew to more than 8,000 BTC in July, adding 500 BTC in its latest update and tripling its holdings since its Nasdaq debut. Shareholder approval for the reverse split was obtained at the annual meeting in June, a decision reported on June 25 while the stock remained under pressure.

ABTC closed at $6.13 on July 10 after split‑adjusted trading began on July 6; the total share count fell from about 1.09 billion to roughly 73 million. In the first quarter of 2026, the company reported an operating loss of $118.2 million, driven by a $117.2 million non‑cash charge reflecting the lower market value of its Bitcoin holdings. Net loss totaled $81.8 million on revenue of $62.1 million, while mining costs dropped to $36,200 per Bitcoin mined, down from $46,900 a quarter earlier, and the firm mined 817 BTC. Eric Trump said the company’s operating model was “virtually unmatched” during an earlier selloff, a view that represents his perspective rather than an independent assessment.

The company has not indicated that the reverse split will reverse the price decline, and its forthcoming results will show whether lower production costs can offset continued pressure on the stock from Bitcoin’s market value.