Bit Origin Ltd Announces 1-for-60 Reverse Stock Split Effective January 20, 2026
Rhea-AI Summary
Bit Origin (NASDAQ: BTOG) announced a 1-for-60 reverse stock split of Class A and Class B ordinary shares, effective at the opening of trading on January 20, 2026. Post‑split the Class A ticker remains BTOG and the new CUSIP for Class A is G21621134. The Company said the split is intended to support compliance with Nasdaq Listing Rule 5550(a)(2), but it cannot assure regained or continued compliance. Outstanding Class A shares will be reduced from approximately 88.6 million to ~1.5 million and Class B shares from 768,000 to 12,800. Options, warrants and similar securities will be adjusted and fractional shares will be converted into one full share. The par value of post‑split shares is set at $0.00006.
Positive
- Reverse split ratio set at 1-for-60
- Class A shares reduced from ~88.6M to ~1.5M
- Action intended to support Nasdaq minimum bid compliance
Negative
- Company cannot assure it will regain or maintain Nasdaq compliance
- Reverse split may not change underlying business or market demand
Market Reaction
Following this news, BTOG has declined 36.54%, reflecting a significant negative market reaction. Our momentum scanner has triggered 26 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.12. This price movement has removed approximately $6M from the company's valuation. Trading volume is exceptionally heavy at 6.1x the average, suggesting significant selling pressure.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves (e.g., MKTW +3.43%, MDBH +7.65%, VALU -1.55%, RAND +2.06%), while BTOG implements a reverse split tied to Nasdaq compliance, indicating a company-specific catalyst rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Sep 30 | Custody partnership | Positive | -3.1% | BitGo partnership to secure DOGE treasury with insured custody and OTC access. |
| Aug 29 | Nasdaq compliance update | Neutral | -7.3% | Received 180-day extension to regain Nasdaq minimum $1.00 bid compliance. |
| Aug 12 | DOGE-funded placement | Positive | +0.0% | Private placement in Class A shares paid in DOGE, expanding DOGE treasury. |
| Aug 04 | Share capital reduction | Neutral | -7.1% | Par value cut to increase flexibility for future capital and transactions. |
| Jul 21 | DOGE acquisition | Positive | -8.2% | Acquired ~40.5M DOGE as first major step in treasury initiative. |
Recent history shows several negative price reactions following structurally or strategically positive announcements, suggesting a pattern of skepticism toward corporate actions and Dogecoin-focused initiatives.
Over the past six months, Bit Origin announced multiple strategic steps, including a Dogecoin treasury build-out backed by facilities up to $500 million, capital structure changes, and compliance-related updates. DOGE acquisitions and a private placement expanded holdings to over 70 million DOGE, while a share capital reduction increased flexibility for future actions. Nasdaq minimum bid price communications highlighted listing risk, which the new 1-for-60 reverse stock split directly addresses as the company continues to pivot around its digital asset treasury strategy.
Market Pulse Summary
The stock is dropping -36.5% following this news. A negative reaction despite the reverse split fits a pattern where structural actions drew skepticism. The 1-for-60 consolidation, shrinking Class A shares from about 88.6 million to roughly 1.5 million, purely adjusted share count without changing fundamentals, which can be viewed unfavorably. Prior selloffs after capital structure and Dogecoin-treasury announcements suggest that concerns around dilution history, compliance pressures, or digital asset risk may have outweighed any perceived benefits from regaining bid-price compliance.
Key Terms
reverse stock split financial
cusip technical
AI-generated analysis. Not financial advice.
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
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: ir@bitorigin.io
FAQ
What is the reverse stock split ratio and effective date for BTOG?
How will the BTOG share count change after the 1-for-60 reverse split?
Will BTOG's ticker or CUSIP change after the reverse split?
How are fractional BTOG shares handled in the reverse split?
What happens to BTOG options, warrants, and convertible securities after the split?
Does the reverse split guarantee BTOG will regain Nasdaq compliance?
