Eric Trump’s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding
American Bitcoin executed a 1-for-15 reverse stock split to maintain Nasdaq compliance as its share price weakened, despite accumulating 8,000 BTC. The Eric Trump-linked miner reported strong Q1 mining margins above 50%, yet posted $81.8 million net losses. Investors must assess whether Bitcoin reserves justify valuations amid operational headwinds and dilution risks from future capital raises.
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