Ok Wave Media has purchased an first payment stare from the Nasdaq Inventory Market declaring that it has did now not withhold the minimal Market Tag of Listed Securities (MVLS). With out swift intervention to regular the ship, the BTC treasury firm is at threat of be eliminated from the Nasdaq stock alternate.
Corporations maintain recently made headlines for buying for into the “Bitcoin treasury” pattern, keeping BTC on their steadiness sheets to raise shareholder cost. However, for corporations cherish Ok Wave Media and Canaan Inc., the accompanying regulatory compliance is proving harsher than anticipated.
Ok Wave Media below threat of delisting
Ok Wave Media (KWM) has turn into presumably the latest firm to sigh a deficiency stare from Nasdaq. A identical notification was as soon as sent to Canaan Inc. (CAN) earlier within the month.
Ok Wave Media, a South Korean-primarily based entirely cultural innovation firm that transitioned into digital asset administration, reported that it purchased a written stare dated January 22, 2026, declaring that it is miles never any longer in compliance with Nasdaq Itemizing Rule 5810(c)(3)(C).
This rule requires corporations listed on the Nasdaq International Market to withhold a minimal Market Tag of Listed Securities (MVLS) of now not lower than $50 million.
The Nasdaq Inventory Market has given Ok Wave 180 days to comply. Compliance methodology that the firm’s MVLS need to halt at or above $50 million for now not lower than 10 consecutive alternate days before the June 2026 cleave-off date.
The firm purchased a previous warning on January 7, when its stock fell below the $1.00 minimal relate tag requirement. Currently, Ok Wave shares are buying and selling round $0.forty five, an enormous drop from their 2025 highs.
Cryptopolitan previously reported that Canaan Inc. also purchased a stare from the alternate because its American Depositary Shares (ADSs) had traded below $1.00 for 30 consecutive alternate days. Canaan has a July 13 cleave-off date to repair the tag deficiency.
If it fails, it would possibly per chance also favor to resort to a reverse stock destroy up or face elimination from the alternate.
What alternate choices attain BTC treasury corporations favor to shield away from delisting?
For corporations cherish Ok Wave and Canaan, the commonest “snappy repair” for a minimal relate tag deficiency is a reverse stock destroy up, which involves lowering the number of prominent shares to artificially enlarge the tag of every remaining share.
However, when Digital Currency X Know-how (DCX), a digital asset treasury firm with over $1.4 billion in reported BTC holdings, was as soon as notified on January 20 that it is miles scheduled for delisting on January 29, the firm was as soon as denied the fashioned 180-day grace interval because it had already performed just a few reverse splits within the previous two years.
Ok Wave Media has already appointed a novel Chief Monetary Officer, Yong Fang, to navigate these “complex financial landscapes.” The firm has said that it stays committed to its lengthy-term strategy and is evaluating all obtainable alternate choices to restore compliance.
Canaan has also said it would possibly rob “ realistic measures” to withhold its web web voice.
Deficiency notices are turning into extra and additional traditional as Bitcoin itself stays sturdy, but the stocks of the corporations with “Bitcoin treasuries” in general undergo from high volatility and liquidity points.
In December 2025, the Bitcoin treasury firm Kindly MD (NAKA) purchased a identical stare and has unless June 2026 to bring its stock tag abet above $1.00.
Strive (ASST), which recently accomplished its acquisition of Semler Scientific on January 16, 2026, to turn into the 11th-largest public holder of Bitcoin, seen its shares tumble below $0.90 rapidly after the merger. Despite keeping over 12,797 BTC, Strive’s stock has declined nearly 80% since September 2025.
Huge corporations cherish Technique (MicroStrategy) continue to develop, now keeping 709,715 BTC, which it obtained for $fifty three.92 billion at an realistic tag of $75,979 per Bitcoin as of January 20.
On completely different extinguish of the spectrum, smaller corporations are struggling to withhold the market capitalization and share tag required by predominant exchanges.
