Episode Details

American Bitcoin Corporation, co-founded by Eric Trump and owned by Hut 8, is executing a one-for-fifteen reverse stock split to stay listed on Nasdaq after its price plummeted below requirements. The split, effective July 2nd at 5 PM ET, will adjust share counts and trading resumes July 6th under the same ticker ABTC. The stock hit an all-time low of 61 cents, down 40% in a month and 86% in a year, mirroring broader crypto market weakness. Approved by shareholders June 22nd and finalized by the board, reverse splits are often seen as a last-ditch move signaling trouble, despite not altering company value. Meanwhile, Bitcoin trades around $60K, down from its October peak but up from recent lows. Donald Trump recently revealed earning over $1.2 billion from crypto in 2025 and holding $50M+ in Bitcoin, though he says he doesn’t personally manage investments.

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