Bitcoin24h $79,453.43-0.42%

Ethereum24h $2,490.68-0.07%

BNB24h $744.71-1.55%

XRP24h $1.40-0.71%

Solana24h $104.77-0.37%

TRON24h $0.3367+0.82%

Hyperliquid24h $86.79+0.40%

Zcash24h $1,179.74+1.29%

Dogecoin24h $0.0897-1.04%

Monero24h $540.98-0.51%

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.