David Bailey’s bitcoin holder Nakamoto is trying to stay on Nasdaq with a reverse stock split

What Happened

Bitcoin treasury firm Nakamoto is pursuing a reverse stock split at a ratio between 1-for-20 and 1-for-50 to comply with Nasdaq's $1 minimum bid requirement. The company's share price has collapsed to $0.22, down 99% from May 2025 peak. Nakamoto recently sold 5% of its bitcoin holdings, retaining 5,058 BTC. The company also registered 400 million shares for potential resale and maintains shelf registration for $7 billion in future securities issuance.

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