CoinDesk reported that Nasdaq-listed Nakamoto (NAKA), which is strategically accumulating Bitcoin, is pushing for a reverse stock split to reduce the number of outstanding shares and increase the per-share price in order to maintain its listing. Coupled with the recent Bitcoin price correction, the stock prices of major BTC treasury companies have also fallen, indicating increasing financial burden across the industry. Nakamoto recently sold approximately 5% of its held Bitcoin and currently holds 5058 BTC. NAKA is down approximately 99% from its peak in May last year.
