Cryptocurrency Market Slumps as Companies Announce Reverse Stock Splits

The cryptocurrency market is seeing a drop in leveraged Bitcoin bets as BITU logs nearly 1% AUM outflow in a day. This comes on the heels of several stock splits announced by various companies, including those listed on the NYSE and Nasdaq.

Beyond Air (XAIR) has approved a 1-for-20 reverse stock split to lift its share price back above Nasdaq's $1.00 minimum bid price requirement. This is the company's second reverse split in roughly a year, following an identical 1-for-20 consolidation completed in July 2025.

Other companies, such as LM Funding America (LMFA) and Edible Garden (EDBL), have also announced reverse stock splits to maintain their listing requirements. LM Funding America adopted a 1-for-25 reverse stock split to preserve Nasdaq listing compliance, while Edible Garden amended its certificate of incorporation to implement a 1-for-45 reverse stock split aimed at maintaining Nasdaq's listing requirements.