American Bitcoin (ABTC) Loses 97% in 12 Months; Executes 1-for-15 Reverse Split on July 6

BTC1.04%
According to TheStreet, investors who put $10,000 into American Bitcoin Corp (ABTC), the Bitcoin mining company co-founded by Eric Trump and Donald Trump Jr., about one year ago now hold only $260, representing a 97% loss. The stock traded at around $14 a year ago but dropped to $5.86 as of today. On July 6, 2026, the company executed a 1-for-15 reverse stock split, which mechanically inflated per-share price without changing underlying value. The decline was compounded by Bitcoin's price falling roughly 50% from its all-time high of $126,000, dragging down mining company economics across the sector.
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