ZeroStack Faces Survival Risk Amid $82.5M Loss on Digital Assets

Crypto treasury firm ZeroStack is facing significant financial difficulties after reporting an $82.5 million fair value loss on its digital assets and a net loss of $61.3 million for the first half of 2026.

In its Form 10-Q filing with the US Securities and Exchange Commission (SEC), ZeroStack revealed that it has only $2.6 million in cash, negative working capital of $600,000, and an accumulated deficit of $339.1 million as of June 30.

The company's reliance on staking rewards to fund operations is under scrutiny, with its 0G tokens valued at just 9% of their recorded costs. ZeroStack expects its cash and staking reward sales to cover forecast operating costs but acknowledges that this may not be enough to ease doubts about its ability to continue operating.

The company's financial struggles have led management to consider selling some of its treasury holdings if necessary, although they cannot confirm whether this plan will be sufficient to address the survival risk.