ZeroStack Warns of Survival Risk Amid $82.5M Loss

Nasdaq-listed crypto treasury firm ZeroStack has issued a warning about its survival risk due to an $82.5M loss.

The company relies largely on staking rewards and token sales to fund operations, but its 0G holdings are valued at just 9% of their recorded costs, with a fair value of $15.2M compared to an aggregate cost of $163.3M.

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 75.1 million Zero Gravity (0G) tokens have taken a significant hit, with their value plummeting to just 9% of their recorded costs.