Zerostack reports $1.06 billion in cryptocurrency holdings

Zerostack (NASDAQ: ZSTK) has reported cryptocurrency holdings in MemeCore and 0G with an aggregate indicative market value of approximately $1.06 billion as of August 23, 2026. Based on the company's stock price of $4.71 on August 21, management calculated that the crypto value per share represents a discount of approximately 74.1% on a partially diluted basis and 72.8% on a fully diluted basis.

The company acquired approximately 925.9 million MemeCore M tokens in a transaction valued at about $1 billion. This deal was completed using common shares and pre-funded warrants rather than cash. The acquisition involves the issuance of roughly 36.2 million warrant shares, which represents a significant potential dilution of approximately 167.4% relative to the company's outstanding shares as of August 19.

Due to Nasdaq Listing Rule 5635, the issuance of these warrant shares above a 19.99% cap requires shareholder approval. Management noted that while cryptocurrency market value is a supplemental non-GAAP metric subject to high volatility and liquidity risks, the company believes its pharmaceutical business and other non-crypto assets are sufficient to offset liabilities.