Bitcoin Treasury Firm Nakamoto Hits Record Low $4.70 After 1-for-40 Reverse Split
businessstocks 2 posts · 2 accounts
Shares of Bitcoin treasury firm Nakamoto fell to a record low of $4.70 after the company completed a 1-for-40 reverse stock split last week, leaving the stock down nearly 67% year to date.
The reverse split was aimed at maintaining Nasdaq listing compliance. Short interest stands at 5%, underscoring bearish positioning even after the share consolidation.
From the sources (2 posts)
@cointelegraph🚨 ALERT: Bitcoin treasury firm Nakamoto is down nearly 67% year-to-date after completing a 1-for-40 reverse stock split to maintain Nasdaq listing compliance.
@btctreasuriesJUST IN: David Bailey's #Bitcoin treasury company Nakamoto $NAKA hits a new all-time low of $4.70 after completing a 1-for-40 reverse stock split last week. Current short interest is 5%. 🚨📉