Bit Origin Ltd’s Board of Directors approved a 1-for-60 reverse stock split on January 15, 2026, to become effective before market open on January 20. Under the plan, every sixty issued and outstanding Class A ordinary shares will be automatically combined into one Class A share, and the same ratio will apply to Class B ordinary shares. The new CUSIP for Class A shares will be G21621134, and the existing ticker symbol will remain unchanged. No fractional shares will be issued; shareholders entitled to fractions will receive one full share instead.

The reverse split will decrease outstanding Class A shares from approximately 88.6 million to around 1.5 million, and reduce Class B shares from 768,000 to 12,800. The company also amended its Memorandum of Association to proportionately adjust authorized share counts and set the post-split par value at $0.00006 per share. Management has stated the primary objective is to meet Nasdaq’s minimum bid price requirement under Rule 5550(a)(2), though it cautioned that regaining and maintaining compliance cannot be guaranteed. Investors should note options, warrants and other instruments will be adjusted according to their terms.

Since the announcement, Bit Origin’s stock has traded down significantly, with a drop of more than 40% in the week following the press release. The share price recently tested its 52-week low of $0.11 and has remained below its 50-day moving average of $0.23 and its 200-day moving average of $0.34. Weiss Ratings reiterated a “sell (e+)” rating on December 22, and Wall Street Zen maintained a “sell” rating in October. MarketBeat.com reports a consensus Sell recommendation from analysts covering the name.