Publicly traded companies have put all their chips on Bitcoin, only to find themselves choked by the rules of stock prices—this situation seems ironic, but it is actually profound.

The day before yesterday, Nasdaq issued a final ultimatum to ZOOZ Strategy: if the stock price remains below $1 for 10 consecutive trading days before June 15, 2026, it will be delisted. Dangerous, right? What's even more heartbreaking is that this company actually has real assets - there are 1,036 Bitcoins lying in the national treasury, definitely not a paper shell company.

The sarcasm is right here. ZOOZ took what seemed to be a smart route: deeply binding the company's value to Bitcoin. The logic sounds perfect – as Bitcoin rises, assets soar, and the stock price should follow suit, creating a win-win situation. But what about reality? It slapped them hard in the face.

First of all, the rules of the traditional stock market simply do not acknowledge this. No matter how many Bitcoins you have, the stock market will not automatically reflect that value. Stock prices are influenced by a bunch of factors like liquidity, sentiment, and capital flow, and sometimes they are completely unrelated to the actual asset value of the company. The valuation logic of crypto assets and traditional stocks is inherently misaligned, and trying to force them together will only lead to setting off landmines.

This is the double dilemma faced by ZOOZ: the Bitcoin market and the stock market are playing their own games, leaving the company in a difficult position. Those optimistic about holding coins are facing exclusion due to stock price regulations. This situation has sounded an alarm for all "crypto concept stocks."