Nakamoto Q2 Earnings Report: Adjusted Operating Revenue Turns Positive, Holds 4,467 Bitcoins

Comparatively, according to Business Wire, Bitcoin operating company Nakamoto Inc. (NASDAQ: NAKA) announced financial results for the second quarter of 2026, with total revenue of US$35.9 million, of which the media and asset management business contributed US$25.6 million and the Bitcoin derivatives strategy contributed US$10.4 million. GAAP operating loss of US$149.1 million, mainly driven by non-cash impairment of goodwill of US$105.2 million and loss of Bitcoin market capitalization of US$48.7 million;

Excluding these non-cash items, adjusted operating revenue was $7.3 million, the first positive value since the company transformed into a Bitcoin operating company. During the period, the company paid off approximately 45 million USDT debts and extended the principal amount of approximately 105 million USDT until June 30, 2027. As of June 30, the company held 4,467 bitcoins, with a fair value of approximately $261.5 million, and a net digital asset leverage ratio of 56%.