🔥 Bold "rescue" tactics for a stock price from Trump’s Bitcoin company!
To avoid the risk of being delisted from Nasdaq, American Bitcoin — a business run by Donald Trump Jr. and Eric Trump — has just announced a reverse stock split plan at a 1:15 ratio next week.
📌 Key details:
- Method: Combine 15 old shares into 1 new share.
- Goal: Push the stock price above $1.
- Supply change: The number of shares outstanding will drop sharply from 1.09 billion to about 73 million.
- Position: Currently holds 7,500 BTC (ranked 16th among the world’s publicly listed companies with the most Bitcoin).
- Situation: The stock price is currently only $0.64, recording a drop of more than 64% since the start of the year.
💡 Quick take:
Carrying out a reverse split signals extremely severe financial pressure the company is facing, despite holding a massive amount of BTC. This is proof of how high the risk and volatility are for businesses operating within the Bitcoin ecosystem.
How do you all assess this move by the Trump family? Could the stock price recover sustainably?
👉 Follow the Channel or leave a comment to discuss, everyone! — Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
To avoid the risk of being delisted from Nasdaq, American Bitcoin — a business run by Donald Trump Jr. and Eric Trump — has just announced a reverse stock split plan at a 1:15 ratio next week.
📌 Key details:
- Method: Combine 15 old shares into 1 new share.
- Goal: Push the stock price above $1.
- Supply change: The number of shares outstanding will drop sharply from 1.09 billion to about 73 million.
- Position: Currently holds 7,500 BTC (ranked 16th among the world’s publicly listed companies with the most Bitcoin).
- Situation: The stock price is currently only $0.64, recording a drop of more than 64% since the start of the year.
💡 Quick take:
Carrying out a reverse split signals extremely severe financial pressure the company is facing, despite holding a massive amount of BTC. This is proof of how high the risk and volatility are for businesses operating within the Bitcoin ecosystem.
How do you all assess this move by the Trump family? Could the stock price recover sustainably?
👉 Follow the Channel or leave a comment to discuss, everyone! — Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC