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#BITCOIN TREASURY NIGHTMARE
$NAKA went all-in on Bitcoin near the highs.
280 days later? Down 99%.
$23.6B market cap erased.
5,398 BTC bought near $118K.
$270M sitting in unrealized losses.
Conviction is powerful.
Timing is brutal.
This is what happens when “number go up forever” meets reality. 💀
$BTC