Nakamoto’s move had me laughing: he got stopped out with a 70k sell after buying at an average price of 118k—turning top-tier “diamond hands” into “paper hands.” A reverse stock split may save Nasdaq’s face, but it can’t save retail investors’ wallets.

ME News reported on May 29 that Arkham disclosed on X that Nakamoto bought approximately $679 million worth of Bitcoin at an average price of $118k and held it long-term; three months ago, he sold 284 coins at $70k/BTC, incurring a loss of about $224 million, considered the worst performance. The current market value has fallen over 35% from its peak, with the stock price dropping from about $1,000 to $5.60, a decline of approximately 99.4%, with a peak near $30, later falling below $0.2. To comply with NASDAQ, a 1-for-40 reverse stock split was implemented.