Crypto

Bitcoin Firm Nakamoto Plots 1-for-40 Stock Split Following 99% Price Plunge

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In brief

  • Bitcoin firm Nakamoto is instituting a 1-for-40 reverse stock split.
  • The move is intended to help it achieve a share price of $1 as NAKA has fallen to all-time lows.
  • As it stands, shares in the firm sit more than 99.5% off their 52-week high.

Publicly traded Bitcoin treasury firm…

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