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Eric Trump and American Bitcoin, supported by Trump, announced a 1:15 reverse stock split to meet Nasdaq's minimum $1 stock price requirement. After the stock split, the number of circulating shares will decrease from about 1.09 billion to 73 million. American Bitcoin still holds about 7500 Bitcoin, making it the 16th largest holder of Bitcoin in the listed company, with a stock price drop of over 64% this year.