📉 Nakamoto shares fall 6% after negative Q3 revenue
Nakamoto, the Nasdaq-listed Bitcoin treasury company, saw its shares fall 6.5% in pre-market trading after announcing that a $5.8 million loss on Bitcoin options left its third-quarter operating income in the red. The company reported revenue of $3.9 million, but a $110.4 million adjustment from the revaluation of its 4,283 BTC generated net income of $85.5 million. Analysts had expected revenue of $17.4 million.
$BTC
#Nakamoto #Bitcoin #Results
Nakamoto, the Nasdaq-listed Bitcoin treasury company, saw its shares fall 6.5% in pre-market trading after announcing that a $5.8 million loss on Bitcoin options left its third-quarter operating income in the red. The company reported revenue of $3.9 million, but a $110.4 million adjustment from the revaluation of its 4,283 BTC generated net income of $85.5 million. Analysts had expected revenue of $17.4 million.
$BTC
#Nakamoto #Bitcoin #Results
