Nakamoto Bitcoin Treasury Sees 35% BTC Loss, Shares Plummet 99.4% to $5.60

BTC0.26%
According to Arkham, Nakamoto, a bitcoin treasury company, has seen its BTC holdings decline over 35% in value as of May 29, with shares plummeting 99.4% to $5.60. The company purchased approximately $679 million in bitcoin at an average price of $118,000 per coin and has held the position largely unchanged. Nakamoto sold 284 BTC for approximately $70,000 per coin three months ago, realizing cumulative losses of about $224 million, making it the worst-performing bitcoin treasury company to date.
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