crypto entrepreneur David Bailey raised approximately $760 million last year for Nakamoto, his Bitcoin treasury company. Since its merger and public listing in May 2025, Nakamoto’s shares have fallen approximately 99% from their peak, undermining its strategy of issuing equity to accumulate Bitcoin. The company is now seeking cash-generating acquisitions and prioritizing share buybacks. Nakamoto reported a loss of approximately $372 million in the first half of 2026 and carried out a 1-for-40 reverse stock split in Maycrypto entrepreneur David Bailey raised approximately $760 million last year for Nakamoto, his Bitcoin treasury company. Since its merger and public listing in May 2025, Nakamoto’s shares have fallen approximately 99% from their peak, undermining its strategy of issuing equity to accumulate Bitcoin. The company is now seeking cash-generating acquisitions and prioritizing share buybacks. Nakamoto reported a loss of approximately $372 million in the first half of 2026 and carried out a 1-for-40 reverse stock split in MaySeptember 2, 2026 4
