Bitcoin Bet Leads to 99% Collapse of Nakamoto Company
The value of Nakamoto (NAKA), a company specializing in Bitcoin vault management, has decreased by 99.32% over approximately 280 days, resulting in a loss of $23.6 billion in market value.
Since 5,398 bitcoins were purchased at an average price of around $118,000, the company's treasury is now experiencing unrealized losses estimated at approximately $270 million.
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Bitcoin Bet Leads to 99% Collapse of Nakamoto Company
The value of Nakamoto (NAKA), a company specializing in Bitcoin vault management, has decreased by 99.32% over approximately 280 days, resulting in a loss of $23.6 billion in market value.
Since 5,398 bitcoins were purchased at an average price of around $118,000, the company's treasury is now experiencing unrealized losses estimated at approximately $270 million.
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