ZOOZ's Bitcoin treasury play faces Nasdaq delisting clock

ZOOZ Strategy has received a announcement from Nasdaq that its shares nary longer conscionable the $1 minimum bid‑price requirement, giving the Israel‑based institution 180 days to get backmost connected way oregon hazard delisting.

The dual‑listed firm, which trades connected Nasdaq and the Tel Aviv Stock Exchange, said successful a Monday connection that it plans to show the situation, and it whitethorn see a reverse stock divided if needed.

A reverse stock divided is erstwhile a institution reduces the fig of its outstanding shares and raises the terms per stock proportionally, typically to assistance the banal terms without changing the firm’s wide marketplace value.

The apical 100 Bitcoin treasury companies collectively hold implicit 1 cardinal BTC, and the fig of nationalist companies holding Bitcoin roseate 38% betwixt July and September amid deepening organization adoption. At the time, marketplace watchers claimed that the rising accumulation by treasury companies spot upward unit connected the terms of Bitcoin.

Related: Monster week for crypto treasury firms with $8B buying blitz

ZOOZ’s Bitcoin stake nether pressure

​ZOOZ is built astir a long‑term Bitcoin treasury strategy, and has accumulated 1,036 BTC (BTC) arsenic a strategical asset, which gives its shareholders indirect vulnerability to Bitcoin. That transportation helped the banal drawback attraction erstwhile it launched earlier this year, but it has not prevented the stock terms from sliding nether the $1 threshold.

​The announcement does not mean an contiguous delisting. Under Nasdaq rules, ZOOZ has until June 15, 2026, to station a closing bid of astatine slightest $1 for 10 consecutive trading days, and could beryllium eligible for a 2nd grace play if it meets different criteria.

Zooz stock terms tanks beneath $1. Source: Yahoo Finance

For now, the institution says its operations are unaffected, but acknowledges that it whitethorn request to usage “available options.”

Related: ETHZilla liquidates $74.5M successful Ether to redeem convertible debt

Winners and losers of the Bitcoin strategy

ZOOZ’s informing lands little than a week aft KindlyMD, different Bitcoin treasury subordinate created via a merger with David Bailey’s Bitcoin‑native holding institution Nakamoto, disclosed its ain price‑deficiency notice from Nasdaq aft its shares slipped beneath the $1 mark.

Listing unit is not constricted to axenic Bitcoin treasuries. Digital Currency X Technology (DCX), a digital‑asset steadfast that reports much than $1.4 cardinal successful token holdings pursuing its EdgeAI token acquisition, announced connected Dec. 18 that it had received a abstracted Nasdaq non‑compliance announcement tied to minimum market‑value requirements.

This doesn’t mean that each Bitcoin treasuries are connected bladed ice. Tokyo‑listed Metaplanet, which besides leans connected Bitcoin arsenic a treasury asset, has continued to find ways to pat superior markets, astir precocious clearing the issuance of caller shares and Bitcoin‑linked dividend instruments aimed astatine organization investors.

Strategy, the best‑known firm Bitcoin holder, has besides kept pressing its strategy into December, adding astir $980 cardinal successful BTC successful mid‑month and lifting its full stash to implicit 671,000 coins.