Trump Crypto Ally David Bailey's Bitcoin Bet Lost 99% Of Its Stock Value. Now He's Rebuilding The Business.
6 Articles
6 Articles
Nakamoto Shares Plunge 99% As 2026 Losses Test Bitcoin Strategy
Nakamoto shares have fallen about 99% from their peak, highlighting strain facing Bitcoin treasury companies after the market premium for public crypto vehicles weakened. The setback comes as Nakamoto seeks acquisitions that can generate cash while reducing reliance on equity financing.
Nakamoto Stock Slumps as Bitcoin Strategy Strains
TLDR Nakamoto held 4,467 Bitcoin worth about $343.2 million, far above its roughly $126.2 million market capitalization. The company posted a $133 million net loss in Q2 2026, following a $238.8 million loss in the previous quarter. About 3,805 Bitcoin are pledged as collateral, while Nakamoto reported total debt of $164.7 million. Nakamoto bought Bitcoin [...]
Nakamoto shares plunge 99% from peak as company pivots to acquisitions
Nakamoto's drastic stock decline highlights the volatility and risks of relying heavily on Bitcoin, prompting a strategic shift towards diversification. The post Nakamoto shares plunge 99% from peak as company pivots to acquisitions appeared first on Crypto Briefing.
According to ChainCatcher, David Bailey, a cryptocurrency ally of Trump and a Bitcoin entrepreneur, is attempting to revive his crypto asset reserve business. In May 2025, Bailey's Nakamoto completed a merger and went public, having previously raised approximately $760 million to build a Bitcoin reserve. His hedge fund's related strategies had previously achieved returns of up to 640%. However, Nakamoto's stock price has since plummeted by about…
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