{
  "id": 19812750,
  "title": "Nakamoto shares fall 6% premarket after Q3 revenue turns negative",
  "url": "https://urgent.news/2026/11/13/nakamoto-shares-fall-6-premarket-after-q3-revenue-turns-negative",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T13:04:19.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/nakamoto-shares-fall-after-negative-q3-revenue"
  },
  "original_language": "en",
  "account": "Bitcoin treasury firm Nakamoto's premarket stock price fell 6.5% on Friday following the release of its third-quarter results. The company's operating revenue turned negative due to substantial losses on Bitcoin options, which exceeded $5.8 million. This loss pushed Nakamoto's total operating revenue to a negative $1.9 million for the quarter, as reported in the company's filing after the market closed on Thursday.\n\nDespite the revenue setback, Nakamoto managed to generate a significant $85.5 million in net income, bolstered by a $110.4 million gain from revaluing its digital assets, primarily Bitcoin. The adjusted operating loss for the quarter was recorded at $15.8 million, excluding the $110.4 million gain. At the time of reporting, Nakamoto's shares were trading at $5.40 each, marking a dramatic 62% decline year to date.\n\nThe company disclosed a holding of 4,283 Bitcoin worth $357.9 million as of September 30, a reduction from 4,467 Bitcoin at the end of June. Nakamoto's strategy of hedging Bitcoin options risk involved partnering with Bitwise and Kraken.",
  "summary": "A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}