Bitcoin treasury Nakamoto plans reverse stock split to save ailing share price
CoinTelegraph·
60-second summary
Nakamoto shares are closing at 16 cents, down over 99% from May last year when the stock traded at $25. The company is planning a reverse stock split to potentially boost its ailing share price. This move aims to make the stock more attractive to investors, but its effectiveness remains uncertain in the current market.
Shares in Nakamoto closed Wednesday at 16 cents. They are down more than 99% from May last year, when the stock traded above $25.