Svmuureports that Arkham stated on platform X that Nakamoto purchased approximately $679 million worth of Bitcoin at an average price of around $118,000 and held it long-term without selling, only disposing of 284 BTC about three months ago at roughly $70,000, resulting in cumulative losses of approximately $224 million, making it the worst-performing Bitcoin treasury company to date.
Currently, the market value of Nakamoto's Bitcoin holdings has fallen by over 35%, and its stock price has also plummeted by 99.4%, dropping from $1,000 (adjusted for splits) to $5.60. The actual peak stock price was only around $30, before falling below $0.20, leading to a 1-for-40 reverse stock split to meet Nasdaq compliance requirements.
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Arkham: Nakamoto Bitcoin Holdings Down Over 35%, Making it the Worst Performing BTC Treasury Company to Date
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