Nakamoto announced a 1-for-40 reverse split. The Nasdaq listing is officially on the line.
Nakamoto's bitcoin treasury stock hit Nasdaq's price floor. Now it needs a 1-for-40 split just to keep the listing.
CryptoVibe Desk · nakamoto · nasdaq · reverse-split
- →Nakamoto announced a 1-for-40 reverse stock split effective May 22, 2026, cutting shares from about 696 million to about 17.4 million to meet Nasdaq's $1.00 minimum bid price requirement.
- →A split this large signals the stock had collapsed severely. Per Cointelegraph, shares closed Wednesday at 16 cents, down more than 99% from above $25 a year ago, making compliance a survival question.
- →Watch whether NAKA's split-adjusted price holds above $1 for the first two weeks of trading after May 22. If it can't, a second Nasdaq compliance notice becomes likely before July.
- reverse stock split → When a company reduces its number of shares and raises the price per share by the same ratio, so your total position value stays the same but you hold fewer shares at a higher price.
- minimum bid price → Nasdaq requires every listed stock to trade at or above $1.00 per share, and if a company stays below that long enough, Nasdaq can remove it from the exchange.
Nakamoto just announced a 1-for-40 reverse stock split, effective tomorrow. The bitcoin treasury company needs to get back above Nasdaq's $1.00 minimum bid price to keep its listing.
Per Nakamoto's announcement, the company held roughly 696.1 million common shares before the split. That drops to about 17.4 million after. Authorized share count and par value stay unchanged. Fractional shares get paid in cash.
Cointelegraph reports shares closed Wednesday at 16 cents, down more than 99% from above $25 in May 2025. The split-adjusted price opens near $6.40 if that holds. The $1.00 bar is cleared, for now.
Stockholders approved a split range of 1-for-20 to 1-for-50 in April, per an SEC proxy filing. The board chose 1-for-40. That's toward the higher end of the approved range. The stock needed nearly all of it.
NAKA keeps its ticker. New CUSIP is 49457M205. Trading on a split-adjusted basis starts when Nasdaq opens May 22.
If you're holding NAKA, your position value doesn't change. The split just moves the decimal so Nasdaq doesn't delist the stock.
Nakamoto went silent on bitcoin holdings going into a compliance split on a stock down 99%. That silence is the story: it reads like the treasury thesis is over, not just paused.
Whether NAKA's split-adjusted price holds above $1 for the first two trading weeks after May 22. A drop back toward $1 in that window would likely trigger a second Nasdaq compliance notice before July.
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