Nakamoto posts $133 million loss as Bitcoin holdings exceed market value

  • Nakamoto reported a $133.0 million net loss for second-quarter 2026.
  • 4,467 Bitcoin were worth $343.2 million against Nakamoto’s $126.2 million market capitalization.
  • 3,805 Bitcoin were pledged as collateral against $164.7 million in total debt.

Nakamoto held 4,467 Bitcoin worth about $343.2 million on September 2, more than twice its roughly $126.2 million market capitalization on September 1, according to Yahoo Finance. The company reported a $133.0 million net loss for the second quarter of 2026, narrowing from a $238.8 million loss in the previous quarter, on revenue of $35.9 million. Goodwill write-downs of $105.2 million and digital-asset losses of $48.7 million drove most of the loss. Excluding those non-cash charges, adjusted operating income was $7.3 million, Nakamoto’s first positive adjusted operating result since becoming a Bitcoin-focused business. The company’s holdings supported $164.7 million of debt, with 3,805 Bitcoin pledged as collateral and a 56% net leverage to digital assets ratio. Nakamoto repaid 45 million USDT of a Bitcoin-backed loan by selling about 600 Bitcoin and derivative positions for roughly $48 million, and extended about 105 million USDT of principal to June 30, 2027. Shares closed at $7.05 on September 1, down 5.87%. After closing its healthcare clinics in June, Nakamoto is relying on media, Bitcoin and asset-management operations, with media and information services generating $25.1 million, including $22.6 million from the Bitcoin 2026 conference. The board approved a share repurchase programme of up to $25 million.

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