Bitcoin treasury Nakamoto plans reverse stock split to save ailing share price
Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25....
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Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge
Nakamoto, a Bitcoin-focused firm, announced a 1-for-40 stock split after experiencing a devastating 99% price collapse. The restructuring aims to restore investor confidence and simplify share valuation following severe market deterioration. Stock splits traditionally signal management's belief in recovery potential. For Indian crypto investors, this reflects broader volatility in blockchain-related equities, emphasizing risks beyond cryptocurrency holdings themselves during downturns.