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via The Block · By The Block Editorial

David Bailey's Nakamoto reports $239 million Q1 loss as bitcoin treasury value slides

BTC

BTC/USDT

$63,112.05

+0.11%

$63,112.05

+0.11%

(24s)

24h Volume

$2,113,393,849.52

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

68.1%

Long: 68.1%Short: 31.9%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,100.89

▲ 0.02%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,100.89

Support 1$62,993.17

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

The Block Editorial

(08:22 AM UTC)

1 min read

Approved bySarah Chen

0 comments

Nakamoto Inc., the bitcoin treasury firm led by entrepreneur David Bailey, reported a $238.8 million net loss for the first quarter of this year, as the company recorded non-cash losses tied to the decline in bitcoin (BTC) prices during the quarter.

The quarterly loss was mainly driven by a $102.5 million mark-to-market loss tied to bitcoin's decline from $87,519 to $68,220, alongside a $107.7…

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