Nakamoto, a Bitcoin treasury company, seeks a reverse stock split to maintain Nasdaq listing eligibility

GateNews

2026-04-10 09:11:40

BTC0.52%

Gate News message. On April 10, Bitcoin treasury firm Nakamoto (NAKA) is seeking shareholder approval for a reverse stock split plan to address the ongoing decline in its share price and maintain its listing status on Nasdaq. According to its preliminary proxy statement, the company plans to consolidate its shares at a ratio ranging from 1-to-20 to 1-to-50, with the exact ratio to be determined. Currently, the company’s share price has fallen to about $0.22, down roughly 99% from its peak in May 2025. In addition, Nakamoto has recently sold about 5% of its Bitcoin holdings; it now has roughly 5,058 BTC remaining, indicating that it is managing liquidity.

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