Nakamoto's shares dropped about 6% in premarket trading after the company reported negative operating revenue for the third quarter. The company attributed the result to a $5.8 million loss on Bitcoin options, while higher Bitcoin prices pushed its net income up to 85.5 million.
The split between a revenue dip and a strong bottom line is an interesting one for anyone tracking how Bitcoin-linked companies report their results. $BTC
Source: https://cointelegraph.com/news/nakamoto-shares-fall-after-negative-q3-revenue
#Riopay #Crypto #CryptoNews #Binance
The split between a revenue dip and a strong bottom line is an interesting one for anyone tracking how Bitcoin-linked companies report their results. $BTC
Source: https://cointelegraph.com/news/nakamoto-shares-fall-after-negative-q3-revenue
#Riopay #Crypto #CryptoNews #Binance
