ZOOZ's Bitcoin treasury play faces Nasdaq delisting clock
Cointelegraph
ZOOZ Strategy's Bitcoin-backed stock received a Nasdaq warning for trading below the $1 minimum bid price, risking delisting.Summary
ZOOZ Strategy, which bases its stock on a long-term Bitcoin treasury strategy holding 1,036 BTC, has been placed on a Nasdaq compliance clock because its share price fell below the $1 minimum bid requirement. The dual-listed firm has until June 15, 2026, to maintain a $1 closing bid for 10 consecutive days to avoid delisting, and it may consider a reverse share split if necessary. This pressure mirrors similar issues faced by other Bitcoin treasury companies, such as KindlyMD, although larger players like MicroStrategy continue to expand their BTC holdings. ZOOZ's strategy, which offers shareholders indirect Bitcoin exposure, has not prevented its share price decline.
(Source：Cointelegraph)