Source: CryptoSlate ↗
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
What the source reports
The proposed reverse split can address the $1 bid-price rule, but it cannot replace operating cash.The postAfter selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasuryappeared first onCryptoSlate.
Read the original report on CryptoSlate ↗Live market context
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