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

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By James Van Straten | Edited by Omkar Godbole Apr 10, 2026, 8:58 a.m. Make preferred on 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. Bitcoin BTC $ 71,590.70 treasury firm Nakamoto (NAKA) is resorting to a familiar Wall Street playbook as it looks to lift its beating-down share price and stay on Nasdaq. The company is seeking approval for a "reverse stock split" that would combine shares at a ratio to be set between 1-for-20 and 1-for-50, according to a preliminary proxy filing ( Schedule 14A ), as it has seen a collapse in its share price to around $0.22. Prices are down roughly 99% from its May 2025 peak. A reverse stock split reduces the number of shares outstanding while increasing the share price proportionally, for example turning 20 shares at $0.20 into one share at $4. While it does not change the company’s underlying value, it is commonly used to regain compliance with Nasdaq’s $1 minimum bid requirement and avoid delisting. Nasdaq mandates listed companies to maintain a minimum bid price of $1 per share, and firms that fail to ensure that within a specific period risk being delisted. Nakamoto recently sold about 5% of its bitcoin holdings , leaving it with 5,058 BTC, pointing to ongoing liquidity management. Other bitcoin treasury firms have taken similar steps, including Strive Asset Management earlier this year. Most DAT shares have taken a beating in recent months, tracking the collapse in BTC's spot price to roughly $70,000 from over $126,000 in October. Alongside the reverse split, the company, in a Form S-3 filing , registered more than 400 million shares for potential resale by existing investors. This does not raise new capital, but creates a large overhang that could weigh on the stock. The company also has a shelf registration allowing up to roughly $7 billion in future securities issuance. This is separate from an at the market (ATM) program of up to approximately $5 billion, which would allow it to sell newly issued shares directly into the market over time. Bitcoin News Більше для вас Encryption Supremacy: Zcash and Privacy in the Age of Scale Автор CoinDesk Research 31 бер. 2026 р. Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. 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