Nasdaq staff issued a compliance letter on February 9 2026 confirming that Bit Origin Ltd. (BTOG) has met the exchange’s minimum bid‑price requirement of $1.00 per share for 14 consecutive business days, from January 20 to February 6 2026. The letter removes the immediate risk of delisting and preserves the company’s listing on the Nasdaq Capital Market.
BTOG’s compliance was achieved through a 1‑for‑60 reverse stock split that became effective on January 20 2026. The split reduced the number of outstanding shares and raised the share price above the $1.00 threshold, directly addressing the bid‑price deficiency that had prompted the Nasdaq notice. The timing of the split aligns with the start of the 14‑day compliance period, underscoring its role as the primary corrective action.
Maintaining Nasdaq listing status is critical for BTOG because it sustains market liquidity and access to capital markets—both essential for the company’s Dogecoin treasury strategy. BTOG has been purchasing large amounts of Dogecoin, supported by up to $500 million in capital facilities, and relies on equity financing to fund these acquisitions and other operational needs.
CEO Jinghai Jiang said the compliance confirms the effectiveness of the company’s recent strategic actions and is fundamental to its long‑term strategy. He emphasized that keeping the Nasdaq listing is a cornerstone for executing the Dogecoin strategy and enhancing shareholder value.
BTOG had previously faced non‑compliance with Nasdaq’s minimum stock‑holders’ equity requirement and the bid‑price rule. The company regained equity compliance on July 1 2025 and received a 180‑day extension that extended the bid‑price compliance deadline to February 16 2026. The recent letter therefore represents a significant milestone in the company’s ongoing efforts to meet Nasdaq’s listing standards.
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