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🔥Nakamoto Seeks to Maintain Nasdaq Listing Through Reverse Stock Split
According to CoinDesk, Bitcoin treasury company Nakamoto (NAKA) is seeking shareholder approval for a reverse stock split to address falling stock prices and maintain its Nasdaq listing eligibility. The company plans to consolidate shares at a ratio of 1-to-20 to 1-to-50, with the exact ratio to be determined, based on information from its preliminary proxy statement. The current stock price has fallen to about $0.22, down approximately 99% from its peak in May 2025. Nakamoto also recently sold about 5% of its Bitcoin holdings, leaving approximately 5,058 BTC, indicating ongoing liquidity management.
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