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ZeroStack warns of survival risk after $82.5M digital asset loss
In its latest SEC filing for the half-year ended June 30, the Nasdaq-listed company reported $2.6 million cash and negative working capital of $600,000.
Crypto treasury firm ZeroStack said there is substantial doubt about whether it can continue operating over the next year, reversing its assessment from earlier filings, according to an Aug. 3 update published by Cointelegraph.
In a Form 10-Q filed with the US Securities and Exchange Commission on Friday, ZeroStack reported $2.6 million in cash, negative working capital of $600,000, and an accumulated deficit of $339.1 million as of June 30.
ZeroStack also disclosed an $82.5 million fair value loss on digital assets and a net loss of $61.3 million for the first half of 2026, citing pressure tied to the valuation of its Zero Gravity, or 0G, token holdings.
The company said its 75.1 million 0G tokens had an aggregate cost of $163.3 million and a fair value of $15.2 million as of June 30, about 91% below recorded costs. It relies on staking rewards and token sales to fund operations, reporting $3.8 million in staking revenue for the first half and selling nearly 4.9 million tokens for $2.4 million to cover operating expenses, while also stating management could not conclude that plans to use cash and possible additional token sales would be enough to remove going concern doubts.