Nakamoto Stock Price Plummets 99%, David Bailey Seeks Self-Rescue

Nakamoto's stock price has fallen by approximately 99% from its peak, becoming part of a significant decline in the digital asset treasury company sector. The market's premium for holding Bitcoin through publicly listed companies has essentially disappeared, causing the company's stock price to drop below the value of its Bitcoin holdings. Nakamoto is now seeking to acquire cash-generating businesses to reduce reliance on issuing new shares or taking on debt, and it prioritizes repurchasing its undervalued stock rather than continuing to increase its Bitcoin holdings. In May of this year, the company implemented a reverse stock split at a ratio of 1 to 40 to meet Nasdaq's minimum price requirement. In February, Nakamoto acquired two companies owned by Bailey through stock purchases, resulting in an approximately 70% increase in fully diluted shares. Short-seller Jim Chanos described the transaction as "absurd theater," predicting a net loss of about $372 million in the first half of 2026. David Bailey stated that he continues to increase his holdings in the company's stock and remains optimistic about its future prospects.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.