Nakamoto's Bitcoin Bet Loses 99% of Its Value as Company Rebuilds
Nakamoto, a leading Bitcoin treasury company co-founded by crypto entrepreneur David Bailey, has been hit hard by the decline in Bitcoin prices. The company's stock value plummeted about 99% from its peak in 2025.
To recover, Nakamoto is shifting away from its previous financing model and looking for acquisitions that can improve income and cash flow while supporting its broader Bitcoin strategy.
Nakamoto completed the acquisition of BTC Inc. and UTXO Management in February, issuing stock valued at about $81.6 million to bring the two Bailey-led businesses under Nakamoto.