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.
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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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