Nakamoto Inc. Tops Worst Bitcoin Treasury List After $224M Hit
- Poor Bitcoin Treasury Performance: Nakamoto Inc. purchased 5,765 BTC for approximately $679 million in August 2025 at an average price near $118,171, but its remaining 3,988 BTC are now valued at about $292 million, resulting in a 35% loss on its treasury and total losses of around $224 million.
- Deteriorating Financial Condition: The company's first-quarter results showed a net loss of $238.8 million, including a $102.5 million mark-to-market loss due to Bitcoin's price decline, and while revenue increased from acquisitions of BTC Inc. and UTXO Management, the Bitcoin treasury's performance dominated the financial picture.
- High Entry and Low Sale Prices: Nakamoto aggressively bought Bitcoin near its peak and sold about 284 BTC in March for roughly $20 million, significantly below its average acquisition cost, which turned part of the treasury drawdown into realized losses, exacerbating financial pressure.
- Stock Performance Under Pressure: The company executed a 1-for-40 reverse stock split on May 22, reducing outstanding shares but failing to alleviate ongoing pressures from Bitcoin losses, dilution concerns, and weak investor confidence.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 53452.143 | 59439.242 | 66105.803 | 72092.902 | 78759.463 | 84746.562 | 91413.123 |
| Fibonacci | 59439.242 | 64272.94 | 67259.204 | 72092.902 | 76926.6 | 79912.864 | 84746.562 |
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