Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth
Nakamoto, a Bitcoin firm, posted a $238.8 million Q1 net loss despite sixfold revenue growth following acquisitions of BTC Inc. and UTXO Management. Losses stemmed from non-cash charges and mark-to-market losses on Bitcoin holdings as BTC fell 23%. The company sold 284 Bitcoin to cover expenses, signaling treasury strategy challenges amid broader market pressure on Bitcoin-holding firms.
Key takeaways
- 1Nakamoto posted $238.8 million net loss in Q1 2026 despite sixfold revenue growth from acquisitions.
- 2Company sold 284 Bitcoin in March to cover expenses as BTC fell 23% that quarter.
- 3Bitcoin treasury holdings of 5,058 BTC generated $102.5 million mark-to-market loss during Q1.
Coins in this story
Why it matters
Bitcoin firm struggles highlight sustainability risks of buy-and-hold treasury strategies during crypto downturns, relevant for Indian investors evaluating Bitcoin company investments and corporate treasury exposure amid market volatility and potential forced liquidations.
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds
Moody's awarded AAA-mf ratings to Fidelity and BlackRock's tokenized money market funds, validating their safety as onchain yield products. Fidelity's FILQ launched May 6 on Sygnum's platform with JPMorgan, Apex Group and Chainlink support. Tokenized U.S. Treasury products surged to $15 billion AUM in two years, reflecting institutional demand for real-time settlement and low-risk onchain instruments.
Trump’s White House weighs 250 pardons to celebrate America's 250th birthday
One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried....
Bitcoin risks slump after hitting ‘major bear market resistance’: CryptoQuant
Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday....