Home›Crypto›Market Structure›Digital Currency X seeks 160-for-1 reverse split on Se…

Digital Currency X seeks 160-for-1 reverse split on Sept. 3

The proposed consolidation would be followed by a step that restores authorized share capacity to 3 billion shares after cutting the initial authorized total to 18.75 million.

Reported · Written up by our desk · Market Structure

Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, also called a share consolidation, on September 3, according to a filing reviewed by CryptoSlate.

The company said the move would be its second consolidation of 2026 after a 12-for-1 action took effect on January 22. For holders, the filing describes the effect as converting every 160 Class A or Class B shares into one share, with fractional results rounded up, and it would apply to both issued and unissued shares.

Digital Currency X also outlined a multi-step authorization change. A first resolution would reduce authorized shares from 3 billion to 18.75 million, then a second resolution would immediately increase authorization back to 3 billion shares at a higher par value, with a third resolution reorganizing the authorized share capital back to $0.0001 per share.

CryptoSlate reported the company’s most recent annual report valued its treasury holdings at about $402 million as of December 31, 2025, with 157.45 million EDGEAI tokens locked under a 12-month staking agreement carrying a floating annualized yield of 3.5% to 8%. The company said the resolutions do not themselves issue shares or prove immediate dilution, but they would leave it able to issue far more shares after the consolidation than the 18.75 million-share ceiling created by the first step alone.

Latest closeNasdaq Comp. 26,729.16 ▼0.3%

More like this

Sources