Nakamoto shares fell 6.5% in premarket trading on Friday to $5.40 after the company reported disappointing quarterly results. The business generated $3.9 million in revenue, but a $5.8 million net loss on Bitcoin options pushed total operating revenue to negative $1.9 million, compared with $17.4 million expected by analysts. Nakamoto nevertheless reported net income of $85.5 million, driven by a $110.4 million gain from revaluing its digital assets. Excluding this revaluation gain, adjusted operating loss stood at $15.8 million. As of September 30, the company held 4,283 BTC worth $357.9 million, down from 4,467 BTC at the end of June.
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