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

The proposed reverse split can address the $1 bid-price rule, but it cannot replace operating cash. The post 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 appeared first on CryptoSlate .

Source: [CryptoSlate](https://cryptoslate.com/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/)