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Deep Tide TechFlow News, May 29th, Arkham posted on the X platform that Nakamoto bought approximately $679 million worth of Bitcoin at an average price of about $118k and held it long-term without moving, only selling 284 BTC three months ago at about $70k, incurring a total loss of about $224 million, making it the worst-performing Bitcoin treasury company to date.
Currently, the market value of the Bitcoin held by Nakamoto has dropped over 35%, and its stock price has plummeted 99.4%, from $1,000 (split-adjusted) down to $5.60. The actual peak stock price was only around $30, then fell below $0.20, and underwent a 1-for-40 reverse split to comply with Nasdaq requirements.