Nakamoto's Reverse Split Gambit: David Bailey's Bitcoin Bet Fights Nasdaq Axe
Everyone figured bitcoin treasury plays like Nakamoto were invincible after that May 2025 peak. Now? A 99% plunge and a Hail Mary reverse split to cling to Nasdaq.
theAIcatchupApr 10, 20264 min read
⚡ Key Takeaways
Nakamoto's stock plunged 99% from May 2025 peak, now at $0.22, risking Nasdaq delisting.𝕏
Reverse split 1:20 to 1:50 proposed; also 400M shares registered for resale and $7B shelf.𝕏
Similar to past hype busts like dot-com era — unlikely to fix underlying bitcoin dependency.𝕏
The 60-Second TL;DR
Nakamoto's stock plunged 99% from May 2025 peak, now at $0.22, risking Nasdaq delisting.
Reverse split 1:20 to 1:50 proposed; also 400M shares registered for resale and $7B shelf.
Similar to past hype busts like dot-com era — unlikely to fix underlying bitcoin dependency.