Nakamoto Inc. opened trading at an all-time low of $4.70 on May 22, 2026, the same day its 1-for-40 reverse stock split went into effect. For a company that once traded around $29 to $34 per share in 2025, the new floor price tells a story that no amount of share consolidation can rewrite.
The reverse split, which took effect at 12:01 a.m. ET, collapsed Nakamoto’s outstanding common shares from approximately 696.1 million down to roughly 17.4 million. The ticker symbol NAKA remains unchanged on Nasdaq.
Why the split happened, and why it didn’t help
Nasdaq requires listed companies to maintain a minimum bid price of $1.00 per share. Before the split, Nakamoto shares were trading in a range of $0.17 to $0.22.
Shareholders approved the reverse split at a special meeting on May 8, 2026. Multiply $0.17 by 40, and you get $6.80 as a theoretical post-split price. Multiply $0.22 by 40, and you land at $8.80. The actual opening at $4.70 came in well below both of those figures, meaning selling pressure accelerated right through the transition.
