Bitcoin Firm Nakamoto's Stock Hits New Low After Posting $239M Loss, Selling More BTC
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- Nakamoto (NAKA) reported a Q1 net loss of nearly $239 M, driving its shares to a 52‑week low of $0.166, over 99.5% below the $34.77 peak.
- Nakamoto holds a Bitcoin treasury of more than 5,000 BTC, valued at over $404 M, and sold 284 BTC ($22 M) and 40 BTC ($3.2 M) to fund working capital.
- Nakamoto generated $2.7 M revenue in Q1, with $1.1 M from an actively managed derivatives strategy, reflecting its “Bitcoin operating company” model.
- Bitcoin traded around $80,922, up 1.5% in the last 24 hours, but remains 35.8% below its all‑time high of $126,080.
Why it matters: Shareholders lose value as NAKA’s stock plunges >99% from its peak, while the company’s Bitcoin sales provide short‑term liquidity but signal reliance on volatile crypto assets, raising risk for investors.
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