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93 sats \ 4 replies \ @0xbitcoiner 12h \ parent \ on: Blok Whatcha Buying? Week #6 (Week 41 of 2025) Stacker_Stocks
NAKA is fucking dead!
The spectacular collapse of David Bailey’s Nakamoto
Since bitcoin (BTC) treasury company mania peaked on May 12, David Bailey’s Nakamoto (NAKA) has been at the forefront the industry’s subsequent decline.
The drop from $28.50 per share to yesterday’s close at $0.96, represents a 96% loss for shareholders since the opening bell of David Bailey’s deal.
Widely credited with encouraging Donald Trump to reverse his anti-bitcoin stance and securing his keynote speech at the world’s largest bitcoin conference, Bailey has championed other Trump initiatives like his oddly named US Strategic Bitcoin Reserve that has purchased 0 BTC to date.
https://protos.com/the-spectacular-collapse-of-david-baileys-nakamoto/
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33 sats \ 3 replies \ @BlokchainB OP 7h
In fiat terms sure but in Bitcoin terms they still hold 5k+ BTC
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56 sats \ 2 replies \ @0xbitcoiner 4h
If they got debts to pay and no fiat, those Bitcoins are gone in a flash.
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33 sats \ 0 replies \ @BlokchainB OP 4h
True got to review the balance sheet
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0 sats \ 0 replies \ @BlokchainB OP 1h
The balance sheet looks great! (As of June 2025)
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