Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy BTOG?
Source: seekingalpha
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting the company's compliance with Nasdaq's minimum bid price requirement to ensure continued listing.
- Impact on Shares: The reverse split will reduce the company's outstanding Class A shares from approximately 88.6 million to about 1.5 million, while Class B shares will decrease from 768,000 to 12,800, significantly enhancing the per-share value.
- New CUSIP Number: Following the reverse split, the new CUSIP number for Class A shares will be G21621134, ensuring investors can accurately identify and trade the new shares.
- Management Statement: CEO Jinghai Jiang stated that this move is intended to enhance the company's compliance and stability in the capital markets, thereby laying a foundation for future growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BTOG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BTOG
About BTOG
Bit Origin Ltd is a holding company. The Company through its subsidiary, SonicHash LLC (SonicHash US), it is engaged in Bitcoin mining in the United States. It uses computers called miners to generate Bitcoins, a type of digital asset (also known as a cryptocurrency). It focuses on existing layouts and mining sites in the United States (US). The Company does not have miners for other cryptocurrencies. The Company’s subsidiaries include SonicHash Inc, SonicHash Pte. Ltd., and SonicHash LLC. SonicHash US has approximately 3,200 miners with a hash power of over 304.8 petahashes per second (PH/s) deployed in a Cheyenne, Wyoming facility and has delivered over 1,050 miners with a hash power of around 99.1 PH/s to the same facility, ready for deployment with Phase II of the mining facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split, Reducing Class A Shares to 1.5 Million
- Reverse Split Implementation: Bit Origin announced a 1-for-60 reverse stock split effective January 20, reducing Class A shares from 88.6 million to approximately 1.5 million, aimed at meeting Nasdaq's minimum bid price requirement, potentially improving the company's compliance in the capital market.
- Shareholder Approval: On March 14, 2025, shareholders approved a reverse split ratio between 1-for-2 and 1-for-200, granting the board the authority to set the final ratio before March 14, 2026, demonstrating flexibility under shareholder support.
- Market Reaction: Following the reverse split announcement, Bit Origin's stock plummeted 32% on Thursday to its lowest point in nearly nine months, reflecting market concerns about the company's future compliance capabilities, with investor sentiment remaining bearish.
- Compliance Challenges: Although the reverse split aims to assist the company in regaining Nasdaq compliance, the CEO cautioned that there is no assurance of maintaining compliance, highlighting ongoing challenges and uncertainties faced by the company.
See More
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting the company's compliance with Nasdaq's minimum bid price requirement to ensure continued listing.
- Impact on Shares: The reverse split will reduce the company's outstanding Class A shares from approximately 88.6 million to about 1.5 million, while Class B shares will decrease from 768,000 to 12,800, significantly enhancing the per-share value.
- New CUSIP Number: Following the reverse split, the new CUSIP number for Class A shares will be G21621134, ensuring investors can accurately identify and trade the new shares.
- Management Statement: CEO Jinghai Jiang stated that this move is intended to enhance the company's compliance and stability in the capital markets, thereby laying a foundation for future growth.
See More
Bit Origin Ltd (BTOG) Approves 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aiming to reduce approximately 88.6 million Class A shares to about 1.5 million to meet Nasdaq's minimum bid price requirement.
- Compliance Risks: Despite the reverse stock split's intention to assist in regaining Nasdaq compliance, CEO Jinghai Jiang indicated that the company cannot assure ongoing adherence to Nasdaq's listing standards, highlighting compliance pressures faced by the firm.
- Share Adjustment Details: Following the reverse split, the number of Class B shares will decrease from 768,000 to 12,800, with all related options and securities adjusted accordingly to protect shareholder interests.
- Strategic Focus: The company remains committed to digital asset innovation and blockchain strategies, emphasizing its determination to enhance long-term shareholder value despite compliance challenges, reflecting its strategic resolve in the digital asset space.
See More
Bit Origin Ltd Approves 1-for-60 Reverse Stock Split, Reducing Shares to 1.5 Million
- Reverse Stock Split Plan: Bit Origin Ltd has announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting compliance with Nasdaq's minimum bid price requirement, thereby enhancing market confidence.
- Significant Share Reduction: Post-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, significantly increasing the value per share.
- Compliance Challenges: Although the reverse stock split is intended to help the company regain Nasdaq compliance, it cannot assure sustained compliance, reflecting ongoing market pressures faced by the company.
- Strategic Focus: The CEO emphasized that despite challenges, Bit Origin will continue to focus on executing strategic initiatives to enhance long-term shareholder value, demonstrating confidence in future growth prospects.
See More
Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement
Private Placement Announcement: Bit Origin Ltd has completed a private placement of 20 million Class A ordinary shares for 30 million DOGE, aimed at enhancing its Dogecoin treasury and scaling DOGE holdings.
Current Holdings and Strategy: As of August 11, 2025, the company holds approximately 70.5 million DOGE with an average acquisition cost of $0.2268 per DOGE, as part of its strategy to build one of the largest Dogecoin treasuries among publicly traded companies.
See More
Bit Origin surpasses 70M dogecoin holdings following private placement
Bit Origin Private Placement: Bit Origin (BTOG) has completed a private placement, raising 30 million DOGE through the sale of 20 million Class A ordinary shares at $0.2 per DOGE.
Dogecoin Treasury KPIs: As of August 11, 2025, Dogecoin Treasury holds 70.54 million DOGE with an average acquisition cost of approximately $0.2268 per DOGE, and a pro forma DOGE-Per-Share of around 0.80.
See More
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split, Reducing Class A Shares to 1.5 Million
- Reverse Split Implementation: Bit Origin announced a 1-for-60 reverse stock split effective January 20, reducing Class A shares from 88.6 million to approximately 1.5 million, aimed at meeting Nasdaq's minimum bid price requirement, potentially improving the company's compliance in the capital market.
- Shareholder Approval: On March 14, 2025, shareholders approved a reverse split ratio between 1-for-2 and 1-for-200, granting the board the authority to set the final ratio before March 14, 2026, demonstrating flexibility under shareholder support.
- Market Reaction: Following the reverse split announcement, Bit Origin's stock plummeted 32% on Thursday to its lowest point in nearly nine months, reflecting market concerns about the company's future compliance capabilities, with investor sentiment remaining bearish.
- Compliance Challenges: Although the reverse split aims to assist the company in regaining Nasdaq compliance, the CEO cautioned that there is no assurance of maintaining compliance, highlighting ongoing challenges and uncertainties faced by the company.
See More
Bit Origin (BTOG) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting the company's compliance with Nasdaq's minimum bid price requirement to ensure continued listing.
- Impact on Shares: The reverse split will reduce the company's outstanding Class A shares from approximately 88.6 million to about 1.5 million, while Class B shares will decrease from 768,000 to 12,800, significantly enhancing the per-share value.
- New CUSIP Number: Following the reverse split, the new CUSIP number for Class A shares will be G21621134, ensuring investors can accurately identify and trade the new shares.
- Management Statement: CEO Jinghai Jiang stated that this move is intended to enhance the company's compliance and stability in the capital markets, thereby laying a foundation for future growth.
See More
Bit Origin Ltd (BTOG) Approves 1-for-60 Reverse Stock Split to Maintain Nasdaq Compliance
- Reverse Stock Split Plan: Bit Origin announced a 1-for-60 reverse stock split effective January 20, 2026, aiming to reduce approximately 88.6 million Class A shares to about 1.5 million to meet Nasdaq's minimum bid price requirement.
- Compliance Risks: Despite the reverse stock split's intention to assist in regaining Nasdaq compliance, CEO Jinghai Jiang indicated that the company cannot assure ongoing adherence to Nasdaq's listing standards, highlighting compliance pressures faced by the firm.
- Share Adjustment Details: Following the reverse split, the number of Class B shares will decrease from 768,000 to 12,800, with all related options and securities adjusted accordingly to protect shareholder interests.
- Strategic Focus: The company remains committed to digital asset innovation and blockchain strategies, emphasizing its determination to enhance long-term shareholder value despite compliance challenges, reflecting its strategic resolve in the digital asset space.
See More
Bit Origin Ltd Approves 1-for-60 Reverse Stock Split, Reducing Shares to 1.5 Million
- Reverse Stock Split Plan: Bit Origin Ltd has announced a 1-for-60 reverse stock split effective January 20, 2026, aimed at supporting compliance with Nasdaq's minimum bid price requirement, thereby enhancing market confidence.
- Significant Share Reduction: Post-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, significantly increasing the value per share.
- Compliance Challenges: Although the reverse stock split is intended to help the company regain Nasdaq compliance, it cannot assure sustained compliance, reflecting ongoing market pressures faced by the company.
- Strategic Focus: The CEO emphasized that despite challenges, Bit Origin will continue to focus on executing strategic initiatives to enhance long-term shareholder value, demonstrating confidence in future growth prospects.
See More
Bit Origin Surpasses 70 Million Dogecoin (DOGE) Holdings Following Private Placement
Private Placement Announcement: Bit Origin Ltd has completed a private placement of 20 million Class A ordinary shares for 30 million DOGE, aimed at enhancing its Dogecoin treasury and scaling DOGE holdings.
Current Holdings and Strategy: As of August 11, 2025, the company holds approximately 70.5 million DOGE with an average acquisition cost of $0.2268 per DOGE, as part of its strategy to build one of the largest Dogecoin treasuries among publicly traded companies.
See More
Bit Origin surpasses 70M dogecoin holdings following private placement
Bit Origin Private Placement: Bit Origin (BTOG) has completed a private placement, raising 30 million DOGE through the sale of 20 million Class A ordinary shares at $0.2 per DOGE.
Dogecoin Treasury KPIs: As of August 11, 2025, Dogecoin Treasury holds 70.54 million DOGE with an average acquisition cost of approximately $0.2268 per DOGE, and a pro forma DOGE-Per-Share of around 0.80.
See More
