[American Bitcoin Related to the Trump Family Plans 1:15 Reverse Stock Split to Maintain Nasdaq Listing Compliance] According to a report by Jinse Finance, on July 2, American Bitcoin, supported by Eric Trump and the Trump family, announced a 1:15 reverse stock split to meet Nasdaq's minimum $1 share price requirement. After the split, outstanding shares will decrease from approximately 1.09 billion to 73 million, while the company will still hold around 7,500 Bitcoins, making it the 16th largest Bitcoin-holding publicly listed company. The stock price has dropped over 64% this year.