Nakamoto shares fall 6% premarket after Q3 revenue turns negative
Summary
Nasdaq-listed Bitcoin treasury firm Nakamoto’s shares fell 6.5% in premarket trading after it reported third-quarter operating revenue of negative $1.9 million. Its businesses generated $3.9 million, offset by a $5.8 million loss on Bitcoin options, while analysts had expected $17.4 million in revenue. The company posted $85.5 million in net income, driven by a $110.4 million gain from revaluing digital assets, but recorded a $15.8 million adjusted operating loss. Nakamoto held 4,283 BTC worth $357.9 million at quarter-end, down from 4,467 BTC in June.
