Nasdaq-listed Nakamoto (NAKA), which is strategically accumulating Bitcoin, is reportedly pushing for a reverse stock split to reduce the number of outstanding shares and increase the per-share price to maintain its listing, CoinDesk reported. Coupled with the recent Bitcoin price correction, the stock prices of major BTC treasury companies have also fallen, increasing financial burdens across the industry. Nakamoto recently sold approximately 5% of its held Bitcoin and currently holds 5,058 BTC. NAKA is down approximately 99% from its peak in May last year.
