Nakamoto Inc. sold roughly 600 BTC and related derivatives during the second quarter of 2026, pulling in about $48 million in net proceeds. The purpose was straightforward: wipe out a $45 million Bitcoin-backed loan from Kraken and clean up the balance sheet.
The result leaves the NASDAQ-listed company holding 4,467 BTC as of June 30, valued at approximately $261.5 million.
The numbers behind the quarter
Nakamoto posted $35.9 million in revenue for Q2 2026. Of that, $10.4 million came from its Bitcoin treasury and derivatives strategy.
The net loss was $133 million, driven primarily by non-cash items: goodwill impairments and mark-to-market losses on the company’s Bitcoin holdings.
