🔗 Crypto & Blockchain

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.

Nakamoto stock price chart crashing 99% with reverse split proposal overlay

⚡ 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
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Originally reported by CoinDesk

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