Episode Details

Nakamoto, a bitcoin-focused company, sold off 284 bitcoins for $20 million, marking a 5% reduction in their holdings. Despite going public in May 2025 and raising $710 million, their stock has plummeted 99% from its peak. Facing liquidity issues, including an 8% loan from Kraken, theyre grappling with pressure to cover interest. With a pre-tax loss of $52.2 million in 2025, up from $3.6 million in 2024, the company is under strain. The sale proceeds are funding operations and working capital after acquiring BTC Inc. and UTXO, but challenges persist.

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