Nakamoto lost $238M in Q1 while exec compensation soared 7x
Nakamoto shareholders paid CEO David Bailey tens of thousands of dollars a month to preside over a 99% stock price drawdown within one year.
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Nakamoto shareholders paid CEO David Bailey tens of thousands of dollars a month to preside over a 99% stock price drawdown within one year.
Read more (4 min) →Bitcoin 2026 opened with a virtually empty main stage, speakers dialling it in, security blunders, and a decimated NAKA stock price.
This year’s largest “bitcoin only” conference is stacked with speakers who previously promoted altcoins that later crashed.
Nakamoto originally promised a 10x EBITDA multiple when it would acquire David Bailey’s private business, BTC Inc.
Nakamoto has declined 98% since its May 22 peak. At such prices, what would it take to become the target of a hostile takeover?
Since May 12, David Bailey's Nakamoto has plummeted from $28.50 per share to $0.96, a 96% loss for shareholders.
David Bailey was supposed to lead bitcoin treasury companies to new heights. Instead, his NAKA stock has crashed 90% in less than four months.
— David Bailey, PAC
Bitcoin treasury company executives rejoiced when Donald Trump became President, and they want to win again in the 2026 mid-term elections.