Bitcoin24h $64,090.40+1.03%

Ethereum24h $1,892.03-0.46%

BNB24h $602.97-0.27%

XRP24h $0.9902-1.14%

Solana24h $75.41-0.07%

TRON24h $0.3315-0.18%

Hyperliquid24h $59.35+0.42%

Dogecoin24h $0.0698-0.50%

UNUS SED LEO24h $9.46+0.37%

Zcash24h $509.96+3.58%

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.

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.

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.

Nakamoto, David Bailey’s BTC treasury company of treasury companies, declined 96% from its all-time high this morning.