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    "date": "2026-05-21T10:04:35",
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        "rendered": "Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge"
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        "rendered": "<div>\n<div>\n<h4 color=\"#333\">In brief<\/h4>\n<ul>\n<li>Bitcoin firm Nakamoto is instituting a 1-for-40 reverse stock split. <\/li>\n<li>The move is intended to help it achieve a share price of $1 as NAKA has fallen to all-time lows.<\/li>\n<li>As it stands, shares in the firm sit more than 99.5% off their 52-week high. <\/li>\n<\/ul>\n<\/div>\n<p><span>Publicly traded <a href=\"https:\/\/decrypt.co\/resources\/what-is-bitcoin-four-minute-instant-guide-explainer\" target=\"_blank\">Bitcoin<\/a> treasury firm Nakamoto (NAKA) announced it will implement a 1-for-40 reverse stock split, following shareholder approval, as it seeks to maintain compliance with Nasdaq listing rules.\u00a0<\/span><\/p>\n<p><span>The move is aimed at pushing the firm\u2019s share price back to at least $1.00 in order to meet the minimum bid price requirement.\u00a0<\/span><\/p>\n<p><span>Last week, shares in the <\/span><a href=\"https:\/\/decrypt.co\/367854\/bitcoin-firm-nakamoto-stock-new-low-239-million-loss-selling-btc\" target=\"_blank\"><span>firm sank to a new all-time low<\/span><\/a><span> after Nakamoto posted losses of around $239 million in Q1, largely on the back of the decline in Bitcoin\u2019s price. But the stock has fallen even further since, dropping 7.5% on Wednesday to change hands near $0.158 and hitting a new all-time low point of $0.145 at one point during the day\u2019s trading session.\u00a0<\/span><\/p>\n<p><span>Even as shares have gained 2.6% in after hours trading, they remain more than 99.5% off their 52-week high of $34.77.<\/span><\/p>\n<p><span>The firm\u2019s decision to implement the reverse stock split follows a special May 8 shareholder meeting in which an approval of no less than 1-for-20 and no more than 1-for-50 was approved by stockholders, according to the firm\u2019s announcement.\u00a0<\/span><\/p>\n<p><span>As a result of the split, outstanding shares of the common stock will move from 696.1 million shares to 17.4 million, with an expected effective date of Friday, May 22.\u00a0<\/span><\/p>\n<p><span>The treasury firm, which maintains a balance of more than 5,000 Bitcoin valued above $388 million, has sold its primary treasury vehicle in each of the last two quarters. It first parted with <\/span><a href=\"https:\/\/decrypt.co\/362883\/nakamoto-shares-new-low-bitcoin-treasury-firm-sells-btc\" target=\"_blank\"><span>around $20 million worth of BTC in Q4<\/span><\/a><span> before selling around $22 million in Q1, according to its recent earnings report.\u00a0<\/span><\/p>\n<p><span>Bitcoin, which is up 1.6% in the last 24 hours, was recently changing hands around $77,927. The top crypto asset has gained over 2% in the last month of trading, but still sits more than 38% off its October all-time high of $126,080.\u00a0<\/span><\/p>\n<div>\n<h3>Daily Debrief Newsletter<\/h3>\n<p>Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>",
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