After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury
The proposed reverse split can address the $1 bid-price rule, but it cannot replace operating cash. The post After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury appeared first on CryptoSlate.
Key Takeaways
- The proposed reverse split can address the $1 bid-price rule, but it cannot replace operating cash.
- The post After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury appeared first on CryptoSlate.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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