Bit Origin Ltd Announces 1-for-60 Reverse Stock Split Effective January 20, 2026

Core Viewpoint - Bit Origin Ltd has announced a 1-for-60 reverse stock split of its Class A and Class B ordinary shares to comply with Nasdaq's minimum bid price requirement [3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on January 20, 2026, with Class A shares trading under the existing ticker symbol "BTOG" on a reverse-split-adjusted basis [2]. - Following the reverse stock split, the number of outstanding Class A ordinary shares will decrease from approximately 88.6 million to about 1.5 million, and Class B ordinary shares will reduce from 768,000 to 12,800 shares [3]. - The company will also amend its Memorandum of Association to proportionately reduce the number of authorized ordinary shares for issuance and change the par value of post-reverse stock split ordinary shares to $0.00006 per share [3]. Group 2: Shareholder Impact - No fractional shares will be issued; shareholders entitled to fractional shares will receive one full share instead [4]. Group 3: Company Background - Bit Origin Ltd is focused on digital asset innovation and blockchain-based strategies, including the development of digital asset treasury initiatives [5].