Markets Published Nov 13, 2026
An operating revenue drop below zero resulted from a $5.8 million deficit on Bitcoin options, while increased Bitcoin valuations elevated net income to $85.5 million.
Equities of Nasdaq-listed Bitcoin treasury firm Nakamoto dropped 6.5% during premarket transactions on Friday after the enterprise announced that deficits stemming from Bitcoin options caused third-quarter operating revenue to fall under zero.
Trading for Nakamoto stock reached $5.40 at 12:02 pm UTC on Friday, as reported by Yahoo Finance. At that valuation, the equity showed a decline of approximately 62% over the calendar year.
Nakamoto revealed its third-quarter financial figures after the closing bell on Thursday. The firm produced $3.9 million in income from its operational segments. A net loss of $5.8 million tied to Bitcoin options brought total operating revenue down to negative $1.9 million, according to the quarterly document.
Market analysts had anticipated approximately $17.4 million in revenue, based on projections gathered by Yahoo Finance.
Nakamoto registered $85.5 million in net earnings alongside a $15.8 million adjusted operating deficit for the period. The profit was propelled by a $110.4 million appreciation arising from the revaluation of its digital assets, primarily Bitcoin (BTC). The adjusted operating deficit leaves out that specific upward revaluation.
As of September 30, Nakamoto maintained 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
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Originally published at https://cointelegraph.com/markets/nakamoto-shares-fall-after-negative-q3-revenue?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
