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Bitcoin giant Nakamoto takes a critical step: To avoid being delisted from the exchange...
Nakamoto, which operates through Bitcoin assets, is facing the risk of being removed from Nasdaq after a sharp drop in the stock price. As a solution, a “reverse split” plan is on the agenda.
Bitcoin giant Nakamoto takes a critical step: To avoid being delisted from the exchange...
Nakamoto, which operates through Bitcoin assets, is facing the risk of being removed from Nasdaq after a sharp drop in the stock price. As a solution, a “reverse split” plan is on the agenda.
Nakamoto, a Bitcoin-focused company based in the United States, is preparing to take a critical step to stay on the Nasdaq exchange. The company will seek investor approval for a “reverse stock split” because the share price has fallen below $1.
The share price fell sharply
Nakamoto’s shares are currently trading at approximately $0.21. This level is far below Nasdaq’s minimum $1 requirement, and the company’s shares have lost nearly 99% of their peak value.
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