Trumps’ American Bitcoin sinks 8.4% ahead of reverse stock split to stay listed
CoinTelegraph·
60-second summary
American Bitcoin, led by the Trump sons, is plummeting 8.4% on Wednesday, a day before a crucial reverse stock split that aims to boost its shares and maintain its listing on the Nasdaq. The split is scheduled to occur as the company struggles to meet the exchange's minimum listing requirements, raising concerns about its financial stability and future prospects.
The Trump sons' American Bitcoin hit a low on Wednesday ahead of the company’s reverse stock split, which aims to buoy shares and keep it on the Nasdaq.