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American Bitcoin Shares Down 95%, $600 M Trump Stake Wiped, Split

7/10/2026

29 6 Full Breakdown

Summary

Story summary

American Bitcoin Corp’s shares fell 95%, erasing $600 million of Eric Trump’s stake and prompting a 1-for-15 reverse split to stay on Nasdaq.
The firm posted a $118.2 million Q1 operating loss after a $117.2 million Bitcoin write-down.
Eric Trump, chief strategy officer, holds 6% while Donald Trump Jr. is an adviser with an undisclosed stake.
American Bitcoin’s shares are down 77% while rivals shifting to AI data centers have risen over 60%.

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Story summary

American Bitcoin Corp’s shares fell 95%, erasing $600 million of Eric Trump’s stake and prompting a 1-for-15 reverse split to stay on Nasdaq.
The firm posted a $118.2 million Q1 operating loss after a $117.2 million Bitcoin write-down.
Eric Trump, chief strategy officer, holds 6% while Donald Trump Jr. is an adviser with an undisclosed stake.
American Bitcoin’s shares are down 77% while rivals shifting to AI data centers have risen over 60%.