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86 sats \ 2 replies \ @0xbitcoiner OP 20 May \ parent \ on: Nakamoto sets 1-for-40 reverse stock split as Nasdaq deadline nears Stacker_Stocks lol

It's kinda funny, they’re doing this just so they don’t get booted from the index. If the company's debt-free, it's always worth the Bitcoin they got!

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23 sats \ 0 replies \ @BlokchainB 21 May

They have some debt but they have a lot of assets. Market doesn’t care about Bitcoin holdings because of the volatility

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89 sats \ 0 replies \ @Lobotomite 20 May

Is their balance sheet pretty clean? I haven't looked into them, but last time I checked out a company 10k trading at around .2(basic?) mnav, which was DDC, there were definitely reasons other than the market bullying them.

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