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Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge

Decrypt·
Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge
AI Analysis

Nakamoto, a Bitcoin treasury company, plans a 1-for-40 stock split to drastically reduce its share count and aims to achieve a minimum stock price of $1 for Nasdaq compliance after experiencing a 99% price drop. This move highlights the challenges faced by crypto-related firms in maintaining market presence amid significant price volatility.

Key Topics

NakamotoBitcoinNasdaq

Originally reported by Decrypt. Read the full article ↗

Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge | AI Crypto Daily Wire