American Bitcoin Corp., the Bitcoin mining and accumulation company co-founded by Eric Trump and majority-owned by Hut 8 Corp., is set to consolidate its shares in a 1-for-15 reverse stock split, the company announced Wednesday, in a move aimed at lifting its stock price back above Nasdaq’s minimum listing threshold.

The split will take effect at 5 p.m. ET on July 2, with shares expected to begin trading on a split-adjusted basis when markets open July 6. The stock will continue trading under the ticker ABTC, but with a new CUSIP number.

ABTC shares touched their lowest price to date on Wednesday, falling to $0.6122 per data from Yahoo Finance. At a recent price of $0.636, American Bitcoin is down more…