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Fold weighs a reverse split after Nasdaq delisting warning

In its June 30 filing, Fold said it held 271 BTC across its investment treasury and customer rewards treasury after selling 832 BTC in the first half.

Reported · Written up by our desk · Market Structure

Bitcoin financial services firm Fold is seeking shareholder authorization for a reverse stock split as it works to regain Nasdaq compliance after its shares traded below the exchange’s $1 minimum for a sustained period, according to a recent quarterly filing cited by CryptoSlate.

Fold reported that as of June 30 it held 194 BTC, worth $11.4 million, in an investment treasury after selling 832 BTC during the six months ended June 30. On that same date, it held another 77 BTC, worth $4.5 million, in a rewards treasury that it said matched a Bitcoin-denominated customer rewards liability, bringing the combined total to 271 BTC even though the two buckets were not economically interchangeable.

CryptoSlate reports that a reverse split could lift Fold’s nominal share price without raising cash, issuing new shares, or consuming additional Bitcoin, which may help address the bid-price issue. However, the firm’s filing also highlights that reverse splitting would not fund operating expenses, after reporting a $15.6 million operating loss for the first six months of 2026.

Fold said Nasdaq notified it on July 14 that its shares had closed below $1 for 30 consecutive business days, with an initial cure period through Jan. 11, 2027. The company’s filing describes a requested split range of 1-for-2 to 1-for-50, and CryptoSlate notes Fold has not said which ratio, if any, would be selected, while also flagging questions about how it would cover future cash needs without further stock sales or additional use of the investment treasury.

Latest closeBitcoin $63,445.80 ▼0.2%|Nasdaq Comp. 26,445.45 ▼0.6%

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