ZeroStack Issues Survival Warning Amid $82.5M Digital Asset Loss
Nasdaq-listed crypto treasury company ZeroStack has warned of its survival risk due to an $82.5 million fair value loss on digital assets and a net loss of $61.3 million for the first half of 2026.
In a filing with the US Securities and Exchange Commission (SEC), ZeroStack reported $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 and token sales to fund operations is precarious, with its 75.1 million Zero Gravity (0G) tokens having an aggregate cost of $163.3 million and a fair value of $15.2 million as of June 30, leaving them valued about 91% below their recorded costs.
ZeroStack's ability to raise cash is dependent on the price and trading liquidity of its holdings, which have taken a hit in recent months.