NEW YORK, May 23, 2026, 18:10 (EDT)
The OLB Group’s shares jumped 5.41% on Friday to close the week at $0.4680, not far off the after-hours quote of $0.47. Despite the late-week rally, the New York payments and bitcoin-mining firm’s stock still trades well under Nasdaq’s $1 minimum. Volume for the session was 235,153 shares.
Timing is key here. The Nasdaq is closed for the weekend and will stay shut on Monday, May 25, for Memorial Day. Regular trading picks up again Tuesday.
OLB is up against a Nasdaq deadline after getting a bid-price warning in January. The company hasn’t closed at $1 or higher for 30 business days straight, and now has until July 28 to get its stock to at least $1 for 10 consecutive sessions to comply. Nasdaq requires this price level to keep a listing; failing it triggers a deficiency notice.
The rally in the broader market lifted small-caps. The Russell 2000 climbed 0.9% on Friday, up 2.7% for the week, as Wall Street finished an eighth week of gains. The Nasdaq Composite edged up 0.2% Friday and 0.5% on the week.
OLB’s news flow has been tied to its filings, less so to trading. In its May 15 quarterly filing, OLB posted Q1 revenue of $1.656 million, a drop of 28.7% from $2.322 million a year ago. Net loss was $1.078 million. The company blamed lower sales on weak Moola Cloud numbers and less revenue from crypto mining as Bitcoin slipped. OLB listed $2.328 million in cash, noted it had raised over $3.7 million from a direct offering and PIPE — short for private investment in public equity — and said it had negative working capital, with its short-term debts topping its current assets.
Armistice Capital and Steven Boyd reported in a May 15 Schedule 13G that they hold shared voting and dispositive power over 1,387,983 OLB shares, amounting to 9.99%. The filing is required for certain large shareholders to declare beneficial ownership.
DMint stays on the radar this week. In February, OLB said it aimed to spin off DMint, its digital-asset mining arm. Shareholders would get equity in two separate public firms if the deal goes through. DMint would stick to bitcoin mining. OLB would keep running payment processing, merchant services, and e-commerce.
OLB CEO Ronny Yakov is pitching the company as a leaner payments story. In April’s results release, Yakov called 2025 a “transformational year” and said OLB “cut our operating expenses by nearly half.” Back in February, he described the PayPal deal as a “force multiplier” for merchants. ACCESS Newswire
PayPal’s agreement sets the competitive scene. OLB calls itself a fintech e-commerce merchant-services firm and a bitcoin miner in investor slides, while Fiserv’s Clover unit sells payments and business tools to small companies. OLB doesn’t have Fiserv’s size, so it pushes merchant access with SecurePay, offering PayPal Checkout, Venmo and pay-later.
But the risk is clear. Gains from Friday could slip if trading stays light through the holiday week, if OLB can’t drum up new demand to get back to the $1 mark for Nasdaq, or if new funding just adds dilution. Any pushback in the DMint spin-off would keep more bitcoin mining risk in the mix, while payments revenue keeps falling.
OLB faces a basic hurdle this week: keep shares above the high-40-cent range once trading picks up again Tuesday. Friday saw a pop, but with no new filings, DMint news or help from the small-cap space, it still looks like a typical low-priced stock move, not a resolved listing issue.
