Nakamoto's shares hit new lows as David Bailey's bitcoin treasury executes a 1-for-40 reverse split.

David Bailey's Nakamoto, a publicly traded bitcoin treasury company, has announced a 1-for-40 reverse stock split as its shares trade at new lows. The aggressive consolidation ratio — far steeper than the typical 1-for-10 or 1-for-20 seen in distressed equities — signals the stock has fallen…