Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss

Latest NewsPublishedAug 3, 2026The Nasdaq-listed company relies largely on staking rewards to fund operations, while its 0G holdings were valued 91% below their recorded costs. Nasdaq-listed crypto treasury company ZeroStack warned that substantial doubt exists about its ability to continue operating over the next year, reversing its assessment from three months earlier. In a Form 10-Q filed with the US Securities and Exchange Commission (SEC) on Friday, ZeroStack reported $2.6 million in cash, negative working capital of $600,000 and an accumulated deficit of $339.1 million as of June 30. The company also posted an $82.5 million fair value loss on digital assets and a net loss of $61.3 million for the first half of 2026.ZeroStack said its 75.1 million Zero Gravity (0G) tokens had an aggregate cost of $163.3 million and a fair value of $15.2 million as of June 30, leaving the holdings valued about 91% below their recorded costs. ZeroStack relies on staking rewards and token sales to fund operations, making its ability to raise cash dependent on 0G’s price and trading liquidity.ZeroStack’s 0G strategy faces a liquidity test ZeroStack reported $3.8 million in staking revenue during t...