Bitcoin treasury Nakamoto down 98% — still pays David Bailey lavishly
Nakamoto originally promised a 10x EBITDA multiple when it would acquire David Bailey’s private business, BTC Inc.
Bitcoin24h
$65,621.87-4.25%
Ethereum24h
$1,976.68-3.68%
BNB24h
$607.23-2.95%
XRP24h
$1.32-2.27%
Solana24h
$82.22-5.17%
TRON24h
$0.3087-0.57%
Dogecoin24h
$0.0898-1.38%
Hyperliquid24h
$38.17-1.76%
Bitcoin Cash24h
$464.85+0.53%
Cardano24h
$0.2466-3.12%
Could a hostile takeover be the end of the line for Nakamoto?
Nakamoto has declined 98% since its May 22 peak. At such prices, what would it take to become the target of a hostile takeover?
The spectacular collapse of David Bailey’s Nakamoto
Since May 12, David Bailey’s Nakamoto has plummeted from $28.50 per share to $0.96, a 96% loss for shareholders.
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.
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