Nakamoto Shares Hit New Low After Bitcoin Treasury Firm Sells Off BTC

Publicly traded Bitcoin treasury firm Nakamoto Holdings (NAKA) sold around $20 million worth of Bitcoin in an effort to improve its balance sheet and financial flexibility, but its stock fell to a fresh low early Tuesday following the late Monday announcement. The firm reported a fourth quarter loss of $142.6 million in fair value of its digital assets amid Bitcoin’s downward slide, while also registering a $10.8 million investment loss thanks to its investment in another Bitcoin treasury firm, Metaplanet.  ...