Bitcoin custody firm Nakamoto has announced a 1:40 reverse stock split to comply with Nasdaq's minimum listing price requirements. Approved by shareholders, this move will reduce the number of outstanding shares from approximately 696.1 million to 17.4 million, while maintaining the par value and authorized share capital. The reverse split will take effect at 12:01 a.m. Eastern Time on May 22, 2026, with adjusted shares trading under the same ticker symbol, NAKA, on the same day.