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      Trump Crypto Ally David Bailey’s Nakamoto Shares Plunge 99% From PeakAccording to Bloomberg, crypto...

      Trump Crypto Ally David Bailey’s Nakamoto Shares Plunge 99% From PeakAccording to Bloomberg, crypto entrepreneur David Bailey raised approximately $760 million last year for Nakamoto, his Bitcoin treasury company. Since its merger and public listing in May 2025, Nakamoto’s shares have fallen approximately 99% from their peak, undermining its strategy of issuing equity to accumulate Bitcoin. The company is now seeking cash-generating acquisitions and prioritizing share buybacks. Nakamoto reported a loss of approximately $372 million in the first half of 2026 and carried out a 1-for-40 reverse stock split in May.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud