Nakamoto Inc. reported third-quarter 2026 results showing operating revenue of negative $1.9 million, despite Bitcoin rising during the period. The company recorded a $5.8 million net loss tied to Bitcoin options, which more than offset revenue from its other activities. Its GAAP net income nevertheless reached $85.5 million, driven mainly by a $110.4 million unrealized gain on its Bitcoin holdings. As of September 30, 2026, Nakamoto held 4,283 BTC valued at $357.9 million, with part of the holdings pledged as collateral for a $165 million loan from Kraken. After the announcement, the stock fell approximately 6% to 7%, while the company’s market capitalization remained around $104 million to $106 million, less than one-third of the stated value of its Bitcoin holdings.
Source: Read the original article
