Trump Crypto Ally David Bailey Rebuilds After 99% Stock Collapse
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
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…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
