Nakamoto, a Bitcoin treasury company, announced it will implement a 1:40 reverse stock split on May 22, 2026, to comply with Nasdaq's minimum $1 share price requirement. Post-split, the company's outstanding shares will decrease from approximately 696.1 million to about 17.4 million, while retaining the ticker symbol "NAKA." Shareholders approved the reverse split plan on May 8, allowing a range between 1:20 and 1:50, with the board finalizing the 1:40 ratio. NAKA's stock price has plummeted approximately 99.5% from its peak in May last year.