BlockBeats News, April 10th, according to CoinDesk, Bitcoin treasury company Nakamoto (NAKA) is taking a page from Wall Street’s playbook to address the continued stock price decline and maintain its listing eligibility on the Nasdaq.
The company is seeking shareholder approval for a “reverse stock split,” intending to consolidate shares at a ratio of 1:20 to 1:50 (specific ratio to be determined), according to its preliminary proxy filing. Currently, the company’s stock price has fallen to about $0.22, down about 99% from its high in May 2025.
Nakamoto also recently sold about 5% of its Bitcoin holdings, leaving it with approximately 5058 BTC, indicating its focus on liquidity management.
