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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

$61,396.99

-2.20%

$61,396.99

-2.20%

(24s)

24h Volume

$27,743,561,520.63

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

71.0%

Long: 71.0%Short: 29.0%

Funding Rate

-0.0008%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$60,884.00

▼ -0.32%

Volume (24h): -

Resistance Levels

Resistance 3$64,268.35

Resistance 2$62,842.09

Resistance 1$61,045.41

Price$60,884.00

Support 1$60,292.59

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$60,910.70

Trend:Downtrend

RSI (14):32.9

The Block Editorial

(08:22 AM UTC)

1 min read

Approved bySarah Chen

676 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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