COINTELEGRAPH · 2026-11-13 13:04 UTC

Nakamoto shares fall 6% premarket after Q3 revenue turns negative

Nakamoto shares fell 6.5% in premarket trading Friday to $5.40, down about 62% year to date. Q3 operating revenue was negative $1.9 million, driven by a $5.8 million net loss on Bitcoin options, against analyst expectations of about $17.4 million. Nakamoto reported $85.5 million net income, boosted by a $110.4 million gain on Bitcoin revaluation, while its adjusted operating loss was $15.8 million; it held 4,283 BTC as of Sept. 30, down from 4,467 at end of June.

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