MarketsPublishedNov 13, 2026
An operating revenue drop below zero was triggered by a $5.8 million loss on Bitcoin options, while net income climbed to $85.5 million driven by higher Bitcoin valuations.
Shares of Nasdaq-listed Bitcoin treasury enterprise Nakamoto dropped by 6.5% during premarket trading on Friday after the firm disclosed that negative outcomes from Bitcoin options dragged third-quarter operating revenue beneath zero.
Based on Yahoo Finance data, Nakamoto equities changed hands at $5.40 at 12:02 pm UTC on Friday, bringing the year-to-date decline for the stock to approximately 62%.
Nakamoto reported its third-quarter financial outcomes following the closing bell on Thursday. Operational activities generated $3.9 million in revenue, but a net deficit of $5.8 million on Bitcoin options resulted in a total operating revenue of negative $1.9 million, as detailed in its quarterly filing.
According to estimates gathered by Yahoo Finance, analysts had previously anticipated roughly $17.4 million in revenue.
The company announced $85.5 million in net income alongside an adjusted operating loss of $15.8 million for the quarter. Profitability was largely propelled by a $110.4 million revaluation gain on its digital assets, primarily Bitcoin (BTC). This gain is excluded from the adjusted operating loss calculation.
As of September 30, Nakamoto maintained a treasury of 4,283 BTC valued at $357.9 million, marking a decrease from the 4,467 BTC held at the conclusion of June.
Related: Nakamoto taps Bitwise and Kraken for Bitcoin options strategy to hedge risk
This publication follows Cointelegraph’s Editorial Policy and is provided strictly for informational purposes. It should not be construed as investment guidance or financial advice. Because all trading and investment ventures involve inherent risk, participants are urged to perform independent investigations.
Originally published at https://cointelegraph.com/news/nakamoto-shares-fall-after-negative-q3-revenue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
