David Bailey’s bitcoin holder Nakamoto is trying to stay on Nasdaq with a reverse stock split
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مدعوم بالذكاء الاصطناعيNakamoto, a bitcoin holder, is attempting to stay listed on Nasdaq via a reverse stock split after its stock plummeted approximately 99% from its May 2025 peak. This move is a direct response to the intense pressure on the bitcoin treasury firm. The company's actions may have broader implications for the cryptocurrency market, particularly for bitcoin and related assets.
The reverse stock split may lead to a short-term price increase for Nakamoto's stock, but the long-term viability of the company remains uncertain. This development could have a neutral to slightly bearish impact on bitcoin (BTC) and the broader cryptocurrency market, as it highlights the challenges faced by companies heavily invested in bitcoin.
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The stock has plunged roughly 99% from its May 2025 peak as pressure builds on the bitcoin treasury firm.
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