Nakamoto's Shares Plummet by Nearly 99% from Peak Value

Nakamoto's stock price has plummeted by approximately 99% from its peak value, reflecting growing challenges for firms dependent on holding large reserves of Bitcoin in publicly traded vehicles.

The company's shares initially surged after a merger announcement in May 2025 but have since lost nearly all their gains. This decline reflects diminished investor appetite for paying a premium on public companies with large Bitcoin reserves.

Nakamoto's CEO, David Bailey, raised roughly $760 million in 2025 to fuel the company's strategy centered on holding Bitcoin as a corporate treasury asset. However, after an initial surge, the company's stock dropped over 99% from its peak value.