Bitcoin treasury company Nakamoto falls nearly 67% YTD after reverse stock split
The company owns 5,058 Bitcoin, ranking it as the 20th largest publicly traded BTC treasury company, according to data from Bitcoin Treasuries.
Nakamoto (NAKA) is trading down more than 10% on Wednesday just days after the Bitcoin treasury company completed a 1-for-40 reverse stock split undertaken to stay compliant with the Nasdaq stock exchange’s listing criteria.
NAKA stock is down by about 67% year-to-date (YTD) and by more than 99% since its May 2025 peak of about $34 per share, reaching a low of about $0.16 per share in April before the reverse stock split on Friday.
Nasdaq warned the company in December that its shares would be delisted after trading below $1 for at least 30 consecutive days, according to a Securities and Exchange Commission (SEC) filing.