American Bitcoin Implements 15-for-1 Stock Split Despite Holding 8000 BTC

American Bitcoin has conducted a 15-for-1 stock split to maintain its listing on Nasdaq. Although it holds over 8000 BTC, its stock price remains sluggish. During the first quarter, the company mined 817 BTC and purchased an additional 803 BTC, yet despite the decline in Bitcoin prices, the total mining profit margin has been maintained at over 50%. The mining revenue for the first quarter was $62.1 million, but the net loss reached $81.8 million. The stock split is a measure to meet Nasdaq's minimum stock price maintenance requirements, and while it does not guarantee a rise in stock price, there are concerns about reduced trading volume. There is also a possibility of further capital increases, which could dilute the value of existing shareholders' stakes. American Bitcoin is in a position where it must prove its investment value through an increase in Bitcoin holdings.

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