ZeroStack Issues Survival Warning Amid $82.5M Loss and 0G Holdings Depreciation
ZeroStack Issues Survival Warning Amid $82.5M Loss and 0G Holdings Depreciation
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ZeroStack, a Nasdaq-listed crypto treasury firm, has reported an $82.5 million loss, leading to a survival warning. The company, which heavily relies on staking rewards to fund operations, saw its 0G token holdings decline by 91% from their recorded costs, posing a significant risk to its survival.
The Nasdaq-listed company relies largely on staking rewards to fund operations, while its 0G holdings were valued 91% below their recorded costs.