The $23.6B Bitcoin Miscalculation: Inside Nakamoto Inc.’s Costly Treasury Collapse

TLDR: Nakamoto Inc. purchased 5,398 BTC near Bitcoin’s $118K peak, now sitting on $270M in unrealized losses. The $23.6B market cap wipeout marks one of the steepest corporate Bitcoin treasury collapses in crypto history. A reverse takeover structure helped launch $NAKA’s Bitcoin strategy but accelerated losses as sentiment shifted fast. The 99% drop in 280 [...]

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