Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, or share consolidation, at a September 3 meeting. It would be the company’s second consolidation of 2026 after a 12-for-1 action took effect on January 22. The stock closed at $1.03 on the day before the announcement. The company recently moved from electric-vehicle manufacturing into digital assets and reported holding 157.45 million EDGEAI tokens, valued at about $402 million as of December 31, 2025. It later placed all of the tokens in a 12-month staking agreement with a floating annualized yield of 3.5% to 8%. The proposal would reduce authorized shares from 3 billion to 18.75 million before immediately restoring the authorization to 3 billion through two further resolutions. The resolutions would not themselves issue shares or establish immediate dilution, but would leave the company with capacity to issue substantially more shares after the consolidation. Earlier disclosures show at least 351,577,184 Class A shares and 1,334 Class B shares outstanding before later warrant exercises or other issuances. The notice does not state whether the proposed consolidation is intended to address Nasdaq compliance, financing or an offering.