Bitcoin treasury company Nakamoto falls nearly 67% YTD after reverse stock split
Cointelegraph
Nakamoto (NAKA) shares have plummeted nearly 67% YTD following a reverse stock split aimed at maintaining Nasdaq compliance.Summary
Nakamoto (NAKA), a Bitcoin treasury firm, has seen its stock price drop by nearly 67% year-to-date and over 99% from its all-time high. The company recently executed a 1-for-40 reverse stock split to address Nasdaq delisting concerns, which were triggered after the stock traded below $1 for 30 consecutive days. Despite the broader Bitcoin treasury sector facing challenges, NAKA has significantly underperformed industry peers like MicroStrategy, Twenty-One Capital, and Strive Asset Management, leading analysts to predict potential industry consolidation in 2026.
(Source：Cointelegraph)