00:00It's Benzinga bringing Wall Street to Main Street
00:02David Bailey's Bitcoin treasury company Nakamoto is shifting his strategy after shares plunged
00:07about 99% from their peak, and the company began trading below the value of its Bitcoin holdings,
00:13according to Bloomberg. Bailey said Nakamoto is seeking an acquisition that can improve
00:17earnings and cash flow to finance future Bitcoin purchases without relying heavily on stock
00:23issuance or debt. The company is also prioritizing share repurchases over additional Bitcoin purchases.
00:30Nakamoto completed a 1 for 4-0 reverse stock split in May after its share price fell below
00:36NASDAQ requirements. Nakamoto faced increased skepticism after using stock to acquire two
00:42Bailey-led companies, a deal that boosted its fully diluted share count by about 70% and diluted
00:49existing shareholders. The company reported roughly $372 million in losses for the first half of 2026.
00:57Bailey said Nakamoto remains committed to its Bitcoin-focused strategy and expects the company
01:02to improve over the next three years. For all things money, visit Benzinga.com.
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