NAKA stock drops over 99% from its 52-week high following a $239 million net loss in Q1 amid Bitcoin price declines.
Nakamoto (NAKA) shares hit an all-time low of $0.16 Thursday after reporting a $239 million net loss for Q1, driven by falling Bitcoin prices. The stock rebounded slightly to $0.166 but remains down more than 99.5% from its 52-week high of $34.77.
The company, which transitioned into a Bitcoin treasury firm, generated $2.7 million in revenue for the quarter, with $1.1 million derived from an actively managed derivatives strategy. Nakamoto still holds over 5,000 BTC, valued at more than $404 million.
CEO David Bailey stated the quarter marked a transformational period, emphasizing execution and long-term Bitcoin conviction as key priorities for 2026.