Fold Eyes Reverse Split to Regain Nasdaq Compliance Amid Shrinking Bitcoin Reserve

Nasdaq-listed crypto firm Fold is seeking shareholder authority for a reverse stock split to address its share-price problem, which fell below $1.

The company's shrinking Bitcoin reserve raises concerns about how it will fund operations, despite holding $28.4 million in cash and cash equivalents at June 30.

Fold sold 832 BTC during the first half of 2026 to clear debt, leaving 194 BTC worth $11.4 million in its investment treasury.

A reverse split could lift Fold's nominal share price without raising cash or changing its underlying Bitcoin position, but it would not address the company's operating losses.