Nakamoto Inc. Stock Crashes 99% as Bitcoin Treasury Strategy Backfires

TLDR: Nakamoto Inc. stock dropped 99.38%, falling from a peak of $34.77 to just $0.226 per share. The company raised over $740M to buy 5,398 BTC at an average price of around $118,000 per coin. Unrealized Bitcoin losses reached roughly $280M as prices pulled back from the company’s buy levels. A related-party deal issued 363.6M [...]

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