Written by Zoltan Vardaistaff writerEdited by Yohan Yunstaff editorNakamoto shares fall 6% premarket after Q3 revenue turns negative
Latest NewsPublishedNov 13, 2026
A $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.
Shares in Nasdaq-listed Bitcoin treasury company Nakamoto fell 6.5% in premarket trading on Friday after the company reported that losses on Bitcoin options pushed third-quarter operating revenue below zero.
Nakamoto’s shares traded at $5.40 at 12:02 pm UTC on Friday, according to Yahoo Finance. At that price, the stock was down about 62% year to date.
Nakamoto reported its third-quarter results after the market closed on Thursday. The company generated $3.9 million in revenue from its businesses. A $5.8 million net loss on Bitcoin options brought total operating revenue to negative $1.9 million, according to its quarterly filing.
Analysts had expected about $17.4 million in revenue, according to estimates compiled by Yahoo Finance.
Nakamoto reported $85.5 million in net income and a $15.8 million adjusted operating loss for the quarter. A $110.4 million gain from revaluing its digital assets, chiefly Bitcoin (BTC), drove the profit. The adjusted operating loss excludes that gain.
Nakamoto held 4,283 BTC worth $357.9 million as of Sept. 30, down from 4,467 BTC at the end of June.
Related: Nakamoto taps Bitwise and Kraken for Bitcoin options strategy to hedge risk
Get the day’s top crypto stories in a quick, daily read.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
More on the subject
