NAKA CEO after 96% decline: ‘We’ll get this over with as quickly as possible’
Nakamoto, David Bailey’s BTC treasury company of treasury companies, declined 96% from its all-time high this morning.
Nakamoto, David Bailey’s BTC treasury company of treasury companies, declined 96% from its all-time high this morning.
Giorgi Bachiashvili was convicted in May 2025 and sentenced to 11 years in prison for misappropriating 8,986 BTC and laundering the funds.
MSTR investors have grown accustomed to outperforming BTC, but they’ve actually underperformed it for 90% of the past year.
New website Ordinals Scrapyard is bidding $0.001 for any Bitcoin Inscription, including NFTs that once sold for over $1M apiece.
David Bailey was supposed to lead bitcoin treasury companies to new heights. Instead, his NAKA stock has crashed 90% in less than four months.