David Bailey’s Nakamoto reports $239 million Q1 loss as bitcoin treasury value slides
The Block
Nakamoto Inc. reported a $239 million first-quarter loss driven largely by non-cash charges from falling bitcoin prices.Summary
Nakamoto Inc., a bitcoin treasury firm led by David Bailey, announced a $238.8 million net loss for Q1 2026. The loss was primarily attributed to a $102.5 million mark-to-market bitcoin price decline and a $107.7 million non-cash reduction in value regarding a pre-acquisition call option. Despite the quarterly loss, the company reported an increase in operating revenue to $2.7 million and maintains a treasury of over 5,000 BTC.
(Source：The Block)