Another Bitcoin treasury is reverting to financial engineering in a bid to save its stock price. Nakamoto is preparing to ask shareholders to approve a reverse stock split as its shares trade around $0.21 — 79% below the Nasdaq’s minimum listing threshold of $1 and 99% below the company's all-time high share price of $34 — according to a preliminary proxy filing on April 7. The move comes two months after CEO David Bailey used the same collapsed stock to buy two companies he founded, BTC Inc. and UTXO M ...