$400M AI crypto treasury firm seeks second reverse split while restoring capacity for 3 billion shares
- Digital Currency X Technology — a company that apparently couldn't sell electric vehicles so it became an AI crypto treasury firm, because pivot culture never dies — wants shareholders to swallow a 160-for-1 reverse split on September 3. That's their second consolidation this year after a 12-for-1 in January. But here's the trick: they slash authorized shares down to 18.75 million, then immediately vote to pump capacity back to 3 billion shares. Where's my cut? Not in your wallet, meat wallet. They hold 157 million EDGEAI tokens they say are worth $402 million, all locked in staking at 3.5–8% yield. Aggressive passive income. The filing gives no compliance or financing rationale this