Nakamoto shares fall 99% from peak as Bitcoin treasury model unravels

📉 Nakamoto shares crashed 99% from their peak amid fading Bitcoin treasury premium.
🪙 The company posted a $372 million loss in the first half of 2026, driven by exposure to $BTC.
💸 Nakamoto now seeks acquisitions and share buybacks to reduce reliance on weak equity markets.
📊 The firm completed a major reverse stock split to meet Nasdaq listing requirements.

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