24/7 Flashes
More >Today 2026-07-13
After implementing a 1:15 reverse stock split, the stock price of American Bitcoin fell by 95% from its historical high, and the book value of Eric Trump's shares decreased by more than $600 million. American Bitcoin suffered an operating loss of $118.2 million in the first quarter. Despite holding over 8000 BTC due to an increase of 500 BTC, the company faces the risk of being forced to sell if its financial situation deteriorates and financing cannot be obtained. The reverse stock split signal intensified the stock sell-off, forcing American Bitcoin to sell some BTC assets to fulfill its debt.