According to Arkham, Nakamoto bought Bitcoin at an average price near $118,000, later sold part of its holdings at a large loss, and remains among the weakest-performing Bitcoin treasury companies.
Arkham said Nakamoto accumulated about $679 million in Bitcoin at an average purchase price near $118,000, leaving the company with losses as Bitcoin traded below that level. Arkham also said Nakamoto sold 284 BTC about three months ago at roughly $70,000, realizing a cumulative loss of about $224 million. According to Arkham, the company remains one of the worst-performing Bitcoin treasury firms, while its stock has fallen 99.4% to $5.60 after a 1-for-40 reverse split.