Nakamoto (NAKA) publishes $239 million loss report, stock hits new low, still holds over $400 million in Bitcoin

Odaily Planet Daily reported that Nakamoto (NAKA) has officially transformed into a Bitcoin operating company. According to its financial report, due to the decline in Bitcoin's price, the company recorded a net loss of nearly $239 million in the first quarter. As a result, its stock price hit an all-time low of $0.16 on Thursday, falling over 99.5% from its 52-week high. In the first quarter, the company's total revenue was $2.7 million, of which $1.1 million came from derivative strategies.

To meet working capital needs, the company sold 284 Bitcoins in the first quarter, worth approximately $22 million, and additionally sold 40 Bitcoins received as income, worth approximately $3.2 million. Currently, Nakamoto still holds over 5,000 Bitcoins, with a position value exceeding $400 million. Today's Bitcoin price is approximately $80,922.