ZeroStack Faces Survival Risk Amid $82.5M Loss and Falling 0G Token Value

Crypto treasury firm ZeroStack is facing significant financial challenges due to an $82.5 million loss, putting its survival at risk. The Nasdaq-listed company relies heavily on staking rewards and token sales to fund operations.

According to a Form 10-Q filing with the US Securities and Exchange Commission (SEC), as of June 30, ZeroStack reported $2.6 million in cash, negative working capital of $600,000, and an accumulated deficit of $339.1 million.

The company's 75.1 million Zero Gravity (0G) tokens had a fair value of $15.2 million as of June 30, which is about 91% below their recorded costs of $163.3 million.

ZeroStack relies on staking rewards and token sales to fund operations, making its ability to raise cash dependent on the 0G price and trading liquidity.