Overview
- Nakamoto filed a preliminary proxy seeking shareholder approval for a reverse stock split between 1-for-20 and 1-for-50.
- The company says the split would raise the share price above Nasdaq’s $1 minimum without changing its market value.
- NAKA now trades around $0.21 to $0.22 after a roughly 99% slide from its May 2025 peak.
- The company registered more than 400 million shares for potential resale and disclosed a roughly $7 billion shelf and a $5 billion at-the-market program.
- Nakamoto recently sold about 5% of its bitcoin and now holds 5,058 BTC to help manage cash needs.