Nakamoto Falls 6.5% Premarket on $5.8 Million Bitcoin Options Loss

Summary

• Nakamoto shares fell 6.5% in premarket U.S. trading after a Bitcoin (BTC) options investment loss.
• Nakamoto posted a $5.8 million loss from Bitcoin options trading in the third quarter.
• Reflecting that loss, third-quarter operating revenue came in at negative $1.9 million, and the stock fell 6.5% in premarket trading after the earnings release.

Forecast Trend Report by Period

Nakamoto shares fell 6.5% in premarket U.S. trading after losses on Bitcoin options investments weighed on the stock.

Cointelegraph reported on November 13 that Nakamoto posted a $5.8 million loss from Bitcoin options trading in the third quarter.

The loss drove third-quarter operating revenue to negative $1.9 million.

After the earnings release, Nakamoto shares were down 6.5% in premarket trading.

JH Kim