TechFlow News, May 29: Arkham posted on X stating that Nakamoto acquired approximately $679 million worth of Bitcoin at an average price of roughly $118,000 per BTC and has held it long-term without moving it—except for selling 284 BTC at around $70,000 per BTC three months ago, resulting in cumulative losses of approximately $224 million. Nakamoto is thus far the worst-performing Bitcoin treasury company.
Currently, the market value of Nakamoto’s Bitcoin holdings has declined by over 35%, and its stock price has plunged 99.4%, falling from $1,000 (post-split adjusted) to $5.60. Its actual peak stock price reached only about $30 before dropping below $0.20, prompting a 1-for-40 reverse stock split to comply with Nasdaq listing requirements.
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