$563M PIPE Unlock Triggers 98% Crash in Nakamoto Holdings Stock

Nakamoto Holdings, the Bitcoin holding company run by David Bailey, saw its NAKA shares on Nasdaq sink from about $25 in May to around $0.9480 after $563 million in private investment in public equity (PIPE) deals became sellable in September. The company raised discounted capital to buy Bitcoin BTC, but once PIPE investors could sell, […]

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