Crypto World Network News: On-chain analysis platform Arkham said in a post that its tracking data shows that Bitcoin treasury company Nakamoto Holdings may be the worst-performing BTC treasury company at present. Arkham stated that the company bought BTC with an average price of about $118k for a total value of approximately $679 million; currently, its books show an unrealized loss of about $224 million, and its unrealized loss on holdings exceeds 35%. In addition, Arkham also said that the company’s share price has fallen by about 99.4% from its historical peak.

BTC0.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-5d719aba
· 7h ago
The name Nakamoto is too big; it can't handle it.
View OriginalReply0
GateUser-715706bb
· 7h ago
Other companies accumulate coins to increase value; this company hoards coins to cause harm.
View OriginalReply0
OracleBabysitter
· 7h ago
I suggest renaming it to Sakamoto Holdings; at least it sounds like it will lose money.
View OriginalReply0
GateUser-f7b40cee
· 7h ago
679 million entered the market, 224 million evaporated, turning the treasury into a money pit
View OriginalReply0
GateUser-de0b9e3b
· 7h ago
Average price of 118k? This is a caveman-level move.
View OriginalReply0
  • Pinned