David Bailey’s bitcoin treasury company said it will consolidate its shares after the stock fell to new lows, according to the provided statement.
Nakamoto Bitcoin Treasury, a company associated with David Bailey, announced a 1-for-40 reverse stock split after its shares fell to new lows. A reverse stock split reduces the number of outstanding shares by combining existing shares into fewer units, typically to raise the per-share price without changing the company’s underlying market value. The provided information does not include the effective date, the share price level, or additional corporate details beyond the split ratio and the stock’s recent decline.