Nakamoto Bitcoin Treasury Stock Plummets 99.4% to $5.60, Holdings Down 35% on May 29

BTC0.47%
According to Arkham, on May 29, Nakamoto, a Bitcoin treasury company, reported holdings down over 35% in value, with stock price plummeting 99.4% to $5.60 from $1,000. The company accumulated approximately $679 million worth of BTC at an average price of around $118,000 per coin, with paper losses now exceeding $224 million in less than a year.
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