Nakamoto shares fell 6.5% in premarket trading on Friday after the company reported quarterly results. A $5.8 million net loss on Bitcoin options drove third-quarter operating revenue to negative $1.9 million, while analysts had expected about $17.4 million in revenue. The company nevertheless reported net income of $85.5 million, mainly thanks to a $110.4 million gain from revaluing its digital assets. Excluding that gain, the adjusted operating loss stood at $15.8 million. As of September 30, Nakamoto held 4,283 BTC worth $357.9 million, down from 4,467 BTC at the end of June.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
