New York, May 31, 2026, 10:05 EDT
ZOOZ Strategy Ltd. shares and warrants on Nasdaq stopped trading at 7:50 p.m. Eastern on Friday, according to Nasdaq’s halt feed, which flagged both securities with a T1 code. T1 signals a news pending halt, meaning trading pauses until key information comes out.
The question is open ahead of the Monday open. ZOOZ is set to start trading after its reverse split on both Nasdaq and the Tel Aviv Stock Exchange starting June 1. The ticker will remain ZOOZ, but the CUSIP will change, according to .
ZOOZ finished Friday at $0.3040, up 5.12% in the final U.S. session before the split. The stock traded in a $0.28 to $0.31 range. ZOOZ shares gained around 2% versus the May 22 close during the holiday-shortened week.
A reverse share split combines several existing shares into a smaller number of new ones, sending the stock price higher by that ratio before trading resumes. For ZOOZ, the proposed 1-for-20 split would convert Friday’s $0.3040 finish to roughly $6.08 when adjusted, and cut outstanding ordinary shares from about 162.0 million to nearly 8.1 million.
The change isn’t just for show. ZOOZ said in December that it has until June 15, 2026, to get back in line with Nasdaq’s $1 minimum bid rule. The rule asks for the stock to close at $1 or above for 10 straight days.
ZOOZ is trading like a small, high-volatility Bitcoin treasury play. The company reported it held 1,046 Bitcoin at the end of 2025, purchased for $121.9 million at an average cost of $112,745. Cash and cash equivalents stood at $27.1 million as of Dec. 31, 2025.
Bitcoin hovered close to $73,736 on Sunday, a bit under ZOOZ’s stated average buy price. That gap is a clear reason why the share split’s impact could depend as much on crypto sentiment as on how many shares are out.
Chief Executive Jordan Fried has focused the company on its exposure. In a December shareholder letter, Fried wrote that ZOOZ’s goal is to “maximize shareholder value per share.” He also said, “volatility in the markets is the price of admission.” Nasdaq
Strategy Inc. is repurchasing convertible debt instead of buying more Bitcoin, a shift pointing to more focus on balance-sheet discipline among companies holding digital assets. The company is still the biggest corporate Bitcoin holder. The peer response remains mixed.
The split doesn’t add cash, cut Bitcoin risk, or answer the halted trading issue. If the expected news disappoints, Bitcoin falls again, or sellers come back after the split, ZOOZ might still see low liquidity and more pressure, even with a bigger share price on the screen.
Nasdaq’s halt update is the first watch this week, with investors eyeing the timing of ZOOZ’s post-split trade. After that, the key is if ZOOZ can keep trading above Nasdaq’s limit and convince the market its Bitcoin-loaded balance sheet is more than a compliance move.
