Overview
- Nakamoto filed a preliminary proxy to ask shareholders to approve a reverse split between 1-for-20 and 1-for-50 to lift its 21–22 cent stock, after a roughly 99% slide from its May 2025 peak.
- The company is under a Nasdaq notice from December 10, 2025, and must have the share price close at or above $1 for 10 straight days by June 8, 2026, or it could face delisting with a possible extension on the Nasdaq Capital Market.
- In new securities filings, Nakamoto registered more than 400 million shares for potential resale and kept a roughly $7 billion shelf and a $5 billion at-the-market program, creating a large pool of stock that could hit the market later.
- Even if the reverse split is approved, the company plans to keep authorized shares at 10 billion, which leaves ample room for future issuance that could dilute current investors.
- In March 2026, the firm disclosed selling 284 bitcoin to fund operations and now holds 5,058 BTC, underscoring liquidity strain on bitcoin-treasury firms as crypto prices fell from last year’s highs.