Nakamoto, a bitcoin treasury firm led by David Bailey, is proposing a reverse stock split between 1-for-20 and 1-for-50 to maintain its Nasdaq listing after shares plummeted.
Key Points
- Nakamoto shares have fallen approximately 99% from their May 2025 peak, currently trading at roughly $0.22.
- The proposed reverse stock split aims to boost the share price above Nasdaq’s $1 minimum bid requirement to avoid delisting.
- The company recently sold 5% of its bitcoin holdings, leaving a remaining balance of 5,058 BTC.
- A new filing registers over 400 million shares for potential resale, while the firm maintains a shelf registration for up to $7 billion in future securities.