David Bailey’s bitcoin holder Nakamoto is trying to stay on Nasdaq with a reverse stock split
CoinDesk
Nakamoto is pursuing a reverse stock split to boost its share price and maintain Nasdaq compliance following a 99% decline from its peak.Summary
Nakamoto (NAKA), a bitcoin treasury firm led by David Bailey, has filed for a reverse stock split ranging from 1-for-20 to 1-for-50 to increase its share price, which has fallen to approximately $0.22. This move aims to regain compliance with Nasdaq’s $1 minimum bid requirement and avoid delisting. While the split does not affect the firm's underlying value, the company faces continued pressure as its shares have dropped roughly 99% from their May 2025 high, exacerbated by recent bitcoin sales and potential share dilution from upcoming registrations.
(Source：CoinDesk)