bitcoinNovember 13, 2026
Nakamoto reports negative revenue with $85.5M profit
Public bitcoin company Nakamoto closed the third quarter with negative operating revenue of $1.9 million. Its net profit reached $85.5 million, earned through the revaluation of crypto reserves, according to its financial statements.
The company also revised the terms of a loan from Kraken worth 165 million USDT.
For people holding or exchanging crypto, this shows how revaluation of crypto reserves can shape a company's financial result even with negative operating revenue.