{"id":12294,"date":"2026-08-24T11:54:13","date_gmt":"2026-08-24T11:54:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12294"},"modified":"2026-08-24T11:54:13","modified_gmt":"2026-08-24T11:54:13","slug":"digital-currency-x-proposes-160-for-1","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12294","title":{"rendered":"Digital Currency X proposes 160-for-1"},"content":{"rendered":"

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Nasdaq-listed Digital Currency X Technology Inc. is asking shareholders to approve a 160-for-1 reverse stock split, also known as a share consolidation, on September 3. It would be the company\u2019s second consolidation of 2026 after a 12-for-1 action took effect on January 22.<\/p>\n

Digital Currency X recently shifted from electric-vehicle manufacturing into the digital asset sector. In its latest annual report, the company said its treasury held 157.45 million EDGEAI tokens. It valued them at about $402 million as of December 31, 2025. It later locked all of those tokens in a 12-month staking agreement. The agreement carried a floating annualized yield of 3.5% to 8%.<\/p>\n

For a holder whose balance is divisible by 160, every 160 Class A or Class B shares would become one share. A holder of 16,000 shares, for example, would receive 100. The filing says the company would round fractional results up to the nearest whole share, so smaller or nondivisible positions would not follow that arithmetic exactly. The consolidation would cover both issued and unissued shares. It would take effect on a date confirmed by Nasdaq or one on which the exchange raises no objection.<\/p>\n

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Related Reading<\/span><\/p>\n

Eric Trump\u2019s American Bitcoin forces 1:15 reverse split to avoid Nasdaq delisting amid 8k BTC holding<\/h3>\n<\/p>\n

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A reverse stock split, then an authorization reset<\/h2>\n

The first resolution would reduce authorized shares from 3 billion, each with a par value of $0.0001, to 18.75 million, each with a $0.016 par value. A second resolution would immediately increase the authorization back to 3 billion shares at the higher par value. A third would reorganize the authorized share capital back to $0.0001 per share. Shareholders had approved the 3 billion-share authorization on May 13, according to a May filing.<\/p>\n

Authorized shares are capacity, rather than stock already issued. The resolutions would not themselves issue shares or prove immediate dilution, but they would leave the company able to issue far more shares after the consolidation than the 18.75 million-share ceiling created by the first step alone.<\/p>\n