Arkham: Nakamoto Bitcoin Holdings Market Value Drops Over 35%, Becoming Worst-Performing BTC Treasury Company to Date

Odaily reported that Arkham posted on X platform, stating that Nakamoto purchased approximately $679 million worth of Bitcoin at an average price of around $118,000 and held it long-term without selling, only offloading 284 BTC about three months ago at roughly $70,000. The cumulative loss amounts to approximately $224 million, making it the worst-performing Bitcoin treasury company to date.

Currently, the market value of Nakamoto's Bitcoin holdings has dropped by more than 35%, and its stock price has also plummeted 99.4%, falling from $1,000 (split-adjusted) to $5.60. The actual peak stock price was only around $30, before it subsequently fell below $0.2, prompting a 1-for-40 reverse stock split to meet Nasdaq compliance requirements.