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Nakamoto (NAKA) reports $239M Q1 loss, stock hits record low while holding 5,000+ BTC
Nakamoto (NAKA) reported a nearly $239 million first-quarter net loss, and its stock fell to a record low of $0.16 on Thursday. The company said first-quarter revenue was $2.7 million, including $1.1 million from derivative strategies, and it sold 284 Bitcoin worth about $22 million plus another 40 Bitcoin worth about $3.2 million to meet working capital needs. Nakamoto said it still holds more than 5,000 Bitcoin valued at over $400 million.