This will help stop any bleeding in the muscles, reduce pain, reduce inflammation and have a muscle relaxing effect when the ice is removed. (sportsinjuryclinic.net)
If the nail is completely ripped off, some gentle pressure applied to the area for 1 to 2 minutes helps stop the bleeding. (smallanimalchanel.com)
Pressure where the nail meets the skin part of the toe can also help stop the bleeding especially if a clotting agent is used as well. (petbusiness.com)