ZOOZ Strategy Receives Nasdaq Delisting Warning As Bitcoin Treasury Stock Falls Below $1
ZOOZ Strategy received a Nasdaq notification on Monday after its stock price fell below the exchange's $1 minimum requirement. According to Cointelegraph, the dual-listed company trading on Nasdaq and Tel Aviv Stock Exchange must recover within six months. The firm holds 1,036 Bitcoin as its primary treasury asset.
The company has until June 15, 2026 to maintain a closing price above $1 for 10 consecutive trading days. ZOOZ may pursue a reverse share split to lift the stock price if needed. The notification does not affect current trading operations under the ticker symbol.
ZOOZ launched its Bitcoin treasury strategy earlier in 2025 to provide shareholders indirect exposure to Bitcoin. The stock has dropped below the compliance threshold despite the company's Bitcoin holdings. A reverse share split would reduce outstanding shares while proportionally raising the price per share.
Growing Pressure on Bitcoin Treasury Business Model
The minimum bid-price deficiency reveals broader challenges for Bitcoin treasury companies in 2025. We reported that 25 percent of public Bitcoin treasury firms traded below their net asset value as of September 2025. Companies trading below NAV face dilution when issuing new shares to fund Bitcoin purchases.
ZOOZ joins KindlyMD in facing Nasdaq compliance issues this month. According to The Coin Republic, KindlyMD received a similar notice after its shares remained below $1 for 30 consecutive days. The company's stock declined 75 percent year-to-date following its merger with Nakamoto Holdings.
Digital Currency X Technology also received a Nasdaq non-compliance notice on December 18. The digital asset firm reports over $1.4 billion in token holdings but faces minimum market value requirement violations. These cases show that listing pressure affects both Bitcoin-focused treasuries and broader digital asset companies.
Industry Split Between Winners and Struggling Firms
Not all Bitcoin treasury companies face delisting risks or stock price pressure in 2025. Tokyo-listed Metaplanet continues accessing capital markets through new share issuances and Bitcoin-linked dividend instruments for institutional investors. The company maintains its treasury strategy without compliance concerns.
Strategy purchased approximately $980 million in Bitcoin during mid-December according to Cointelegraph reports. The largest corporate Bitcoin holder expanded its position to over 671,000 coins despite market volatility. The company demonstrates that established treasury operations can maintain investor confidence and capital access.
The top 100 Bitcoin treasury companies collectively hold over 1 million BTC. According to Yahoo Finance, MSCI is considering excluding companies with more than 50 percent digital asset exposure from traditional stock indexes. This policy review could force index funds to sell billions in treasury company shares.
Public companies holding Bitcoin rose 38 percent between July and September amid institutional adoption growth. However, market observers note the divergence between strong accumulation activity and weak stock performance. Companies must now balance aggressive Bitcoin acquisition strategies with maintaining shareholder value and exchange compliance.
The widening gap between successful and struggling treasury firms reflects market maturation. Investors increasingly evaluate operational sustainability and capital efficiency rather than Bitcoin holdings alone. This transition period will determine which treasury business models prove viable for long-term institutional participation.
