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Nakamoto to Execute 1-for-40 Reverse Stock Split to Meet Nasdaq Rule

Nakamoto to Execute 1-for-40 Reverse Stock Split to Meet Nasdaq Rule

Nakamoto’s planned 1-for-40 reverse stock split comes as the company works to meet Nasdaq’s $1 minimum bid price rule after reporting a steep first-quarter loss and selling Bitcoin to cover operating costs.

BTC

Fact Check
The core claim is strongly confirmed. The official Nakamoto press release at nakamoto.com definitively confirms the 1-for-40 reverse stock split, its purpose of regaining Nasdaq $1 minimum bid compliance, and the May 22, 2026 effective date. The 5,058 Bitcoin holding figure is corroborated by CoinMarketCap and multiple Yahoo Finance articles from March-April 2026. The one element that introduces minor uncertainty is the share price: the claim states shares fell to $0.14, while Yahoo Finance reports shares trading around $0.22 at announcement time. The $0.14 figure may reflect an intraday low or a different trading session, but is not directly confirmed by the sources found. All other material facts in the claim are verified by authoritative sources.
Summary

Nakamoto Bitcoin Treasury is proceeding with a 1-for-40 reverse stock split to address Nasdaq’s $1 minimum bid price requirement ahead of a June 8 compliance deadline. New reporting adds that the company sold 284 Bitcoin on March 31 to cover operating costs and reported a first-quarter net loss of $238 million, including more than $102 million tied to a decline in the value of its Bitcoin holdings after Bitcoin fell 20% during the quarter. Revenue rose 500% quarter over quarter, but losses outweighed those gains. Nakamoto holds 5,058 BTC, and the reverse split is expected to reduce outstanding shares from about 696 million to about 17.4 million while leaving the NAKA ticker unchanged.

Terms & Concepts
  • Reverse stock split: A corporate action that consolidates existing shares into fewer shares, typically raising the per-share price proportionally without changing overall market value.
  • Nasdaq minimum bid price requirement: A Nasdaq listing standard that generally requires a company’s stock to maintain a bid price of at least $1 to remain compliant.
  • BTC: The ticker symbol for Bitcoin, the cryptocurrency that some public companies hold as a treasury asset on their balance sheets.