Nakamoto shares fall 6% premarket after Q3 revenue turns negative

  • A $5.8 million Bitcoin options loss pushed Nakamoto’s quarterly operating revenue below zero, while the company extended repayment of $60 million in Kraken debt to 2027.
  • Bitcoin valuation gains drove an $85.5 million profit, while part of the loss-making options program provides downside protection tied to Kraken loan collateral....
  • Read the full story at The Defiant

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