Nakamoto Treasury Executes Reverse Stock Split

David Bailey's Nakamoto bitcoin treasury has announced a 1-for-40 reverse stock split. This move aims to reduce the number of outstanding shares from approximately 696 million to about 17.4 million. The treasury's share price has recently experienced a significant decline, dropping by 99.5%. This action is typically taken by companies to increase their stock price per share, often to meet exchange listing requirements or to appear more attractive to investors, especially after a substantial price depreciation.