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

The stock has plunged roughly 99% from its May 2025 peak as pressure builds on the bitcoin treasury firm. What to know : The company is proposing a reverse stock split in a range of 1 for 20 to 1 for 50 in order to increase its share price and gain compliance with Nasdaq’s $1 minimum bid requirement. Nakamoto has registered more than 400 million shares for resale and outlined up to roughly $7 billion in future securities issuance.(Coindesk)