Bit Origin Ltd announces a 1-for-60 reverse stock split to comply with Nasdaq listing requirements, effective January 20, 2026.
Quiver AI Summary
Bit Origin Ltd has announced a 1-for-60 reverse stock split of its Class A and Class B ordinary shares, approved by the Board of Directors, set to take effect on January 20, 2026. Following the split, the number of outstanding Class A shares will decrease from approximately 88.6 million to about 1.5 million, while Class B shares will drop from 768,000 to 12,800. This action aims to help the company comply with Nasdaq's minimum bid price requirement. The company's Class A shares will trade under the existing ticker symbol “BTOG” with a new CUSIP number. Bit Origin emphasizes its focus on executing strategic goals and enhancing shareholder value, though it cannot guarantee re-compliance with Nasdaq listing standards. Additionally, any outstanding options or warrants will be adjusted accordingly, and shareholders entitled to fractional shares will receive one full share instead.
Potential Positives
- The approval of a 1-for-60 reverse stock split indicates the company's efforts to maintain compliance with Nasdaq's minimum bid price requirement, which is crucial for remaining listed on the exchange.
- The reverse stock split reduces the number of outstanding shares significantly, from approximately 88.6 million to 1.5 million for Class A shares, potentially improving the stock's marketability and attracting institutional investors.
- The company is focused on executing strategic initiatives aimed at enhancing long-term value for shareholders, signaling a commitment to growth and value creation.
Potential Negatives
- The announcement of a 1-for-60 reverse stock split indicates the company is struggling to maintain its stock price above Nasdaq's minimum bid price requirement, which could signal financial instability or poor market performance.
- The company explicitly states that it cannot assure shareholders that it will regain or maintain compliance with Nasdaq's continued listing standards, raising concerns about its long-term viability on the exchange.
- The drastic reduction in the number of outstanding shares from approximately 88.6 million to about 1.5 million could be perceived negatively by investors, as it may indicate desperation to avoid delisting rather than a strong growth strategy.
FAQ
What is the reverse stock split announced by Bit Origin?
Bit Origin announced a 1-for-60 reverse stock split of its Class A and Class B ordinary shares.
When will the reverse stock split take effect?
The reverse stock split will take effect on January 20, 2026, with trading adjusting accordingly.
Why is Bit Origin implementing a reverse stock split?
The reverse stock split aims to help the company maintain compliance with Nasdaq's minimum bid price requirement.
How will the reverse stock split affect shares?
Outstanding shares will reduce from approximately 88.6 million Class A shares to about 1.5 million, and Class B shares to 12,800.
Will shareholders receive fractional shares after the split?
No fractional shares will be issued; shareholders entitled to fractional shares will receive one full share instead.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BTOG Hedge Fund Activity
We have seen 9 institutional investors add shares of $BTOG stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG added 494,344 shares (+769.7%) to their portfolio in Q3 2025, for an estimated $189,234
- CREATIVE PLANNING added 103,900 shares (+inf%) to their portfolio in Q3 2025, for an estimated $39,772
- XTX TOPCO LTD added 49,584 shares (+inf%) to their portfolio in Q3 2025, for an estimated $18,980
- TWO SIGMA SECURITIES, LLC removed 49,213 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $18,838
- VIRTU FINANCIAL LLC added 25,425 shares (+inf%) to their portfolio in Q3 2025, for an estimated $9,732
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC removed 23,133 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $3,978
- STONEX GROUP INC. removed 21,532 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $8,242
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SINGAPORE, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), today announced that its Board of Directors has approved a 1-for-60 reverse stock split of the Company’s Class A ordinary shares and Class B ordinary shares (the “Reverse Stock Split”).
Beginning with the opening of trading on January 20, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a reverse-split-adjusted basis under the existing ticker symbol “BTOG.” The new CUSIP number of the Company’s Class A ordinary shares will be G21621134.When the Reverse Stock Split becomes effective, every sixty (60) issued and outstanding Class A ordinary shares will be automatically combined into one (1) Class A ordinary share, and every sixty (60) issued and outstanding Class B ordinary shares will be automatically combined into one (1) Class B ordinary share.
“The reverse stock split is intended to support our efforts to maintain compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2),” said Jinghai Jiang, Chairman and Chief Executive Officer of Bit Origin. “While the Reverse Stock Split is intended to assist the Company in regaining compliance with Nasdaq Listing Rule 5550(a)(2), the Company cannot assure that it will be able to regain or maintain compliance with Nasdaq’s continued listing standards. We remain focused on executing our strategic initiatives and enhancing long-term value for our shareholders.”
As a result of the Reverse Stock Split, the number of outstanding Class A ordinary shares of Bit Origin will be reduced from approximately 88.6 million to approximately 1.5 million and the number of outstanding Class B ordinary shares of Bit Origin will be reduced from 768,000 to 12,800 shares. Concurrently with the reverse stock split, the Company amended its Memorandum of Association to proportionately reduce the number of authorized ordinary for issuance and change the par value of post-reverse stock split ordinary shares to $0.00006 per shareAll outstanding options, warrants and other securities entitling holders to purchase or receive ordinary shares will be adjusted in accordance with their respective terms.
No fractional shares will be issued in connection with the Reverse Stock Split. Shareholders who would otherwise be entitled to receive fractional shares will receive one full share.
About Bit Origin Ltd
Bit Origin Ltd (NASDAQ: BTOG) is an emerging growth company focused on digital asset innovation and blockchain-based strategies, including the development of its digital asset treasury initiatives and related ecosystem opportunities. For more information, please visit
https://bitorigin.io
.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and effects of the Reverse Stock Split and the Company’s ability to regain or maintain compliance with Nasdaq listing requirements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. The Company undertakes no obligation to update any forward-looking statements except as required by law.
Company Contact:
Bit Origin Ltd
Mr. Jinghai Jiang, Chairman and Chief Executive Officer
Email: [email protected]
