Bitcoin Treasury Company Nakamoto Plans 1:40 Reverse Stock Split to Maintain Nasdaq Listing

Odaily Planet Daily News Bitcoin treasury company Nakamoto plans to implement a 1:40 reverse stock split to push its stock price back above $1, thereby meeting Nasdaq's listing compliance requirements.

According to the plan, after the reverse split, the company's outstanding shares will decrease from approximately 696.1 million shares to about 17.4 million shares, with the change expected to take effect on May 22.

Previously, Nakamoto reported its first-quarter 2026 financial results, with a net loss of $238.8 million. Of this, approximately $107.7 million came from write-downs related to the acquisition of options, and another approximately $102.5 million was a book loss from its holdings of 5,058 BTC, incurred as the price of Bitcoin fell 23% during the quarter. (Decrypt)