Nakamoto · 408

Bit Digital holds more than 160,000 ETH, Riot and Nakamoto disclose second-quarter earnings reports and BTC collateral debt

Comparative news. According to BBX data, yesterday, US stock listed companies around the world revealed the latest real ledgers in terms of crypto asset treasury holdings, mining costs, and debt collateral structures. The core developments are as follows: Bit Digital (NASDAQ: $ BTBT)'s losses narrowed in the second quarter, holding more than 164,000 ETH: NASDAQ listed company Bit Digital announced financial results for the second quarter of 2026. The company's total revenue for Q2 was US$32.1 million (up 15% month-on-month), gross profit of US$18.6 million (gross margin of 57.9%), and net loss attributable to shareholders narrowed to US$107.2 million. As of June 30, 2026, the company held 164,310.5 ETH in Ethereum reserves and held approximately US$83.6 million in cash and cash equivalents. Riot Platforms (NASDAQ: $RIOT) has Q2 revenue of $174 million and reserves of more than 11,000 BTC: US listed mining company Riot Platforms released second-quarter earnings, with total quarterly revenue of US$174.2 million (up 14% year over year), with data center business contributing US$23.2 million; Q2 Bitcoin production was 1,587 units, and the average mining cash cost was US$49,912 per unit. By the end of the second quarter, Riot held over $1.2 billion in liquid assets, including 11,380 bitcoins (of which 5,821 were collateral) and $548.9 million in cash. Nakamoto (NASDAQ: $NAKA) sold 600 BTC to repay loans and still holds 4,467 BTC: Bitcoin treasury company Nakamoto announced Q2 results with total revenue of $35.87 million and net loss of $133 million. The company sold approximately 600 BTC and some derivatives positions during the quarter, receiving a net profit of approximately $48 million to repay 45 million USDT of Bitcoin collateral loans. As of the end of June, the company still held 4,467 BTC (about $262 million in fair value, of which 3,805 were pledged as collateral for debt), and the total debt was approximately $165 million.

8d ago

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%.

9d ago

In the early stages of quantum attacks, untraceable wallets were stolen, and Tether minting keys may become high-value targets

Comparing the news, Christopher Smith, founder of blockchain startup Quantus, said that the first quantum attack may have been the result of a series of unexplained crypto wallet thefts rather than directly stealing Satoshi Nakamoto's sleeping bitcoin estimated to be worth around $63 billion. He pointed out that quantum computers that are powerful enough can derive private keys from public keys exposed on the chain, so attackers can transfer funds without invading wallets, devices, or exchange internal systems. In cases of theft from high-security agencies, the only evidence may be the absence of traces of intrusion. Smith said that the first targets of quantum attacks may be military systems and state secrets; in the blockchain space, stablecoin issuer Tether's minting keys may be more valuable. By managing wallets, attackers can mint tokens out of thin air and sell them before the issuer responds. Google has accelerated the post-quantum migration timeline to 2029; Smith believes the probability of quantum computers cracking modern cryptography around 2028 is “50-50.” Related blockchains have begun migrating to post-quantum signatures.

12d ago

The ECX hard fork was changed to a three-phase launch, and the permanent version is scheduled to be released on October 31

Comparatively speaking, ECX developer Paul Sztorc announced that the ECX hard fork will be launched in three stages instead of being released all at once on August 23. ECX is a new blockchain that replicates Bitcoin's complete transaction history at a specified block level. With the exception of Satoshi Nakamoto's bitcoins, almost all Bitcoin holders will receive the same amount of ECX, and the Bitcoin network itself will not change. The first alpha version will be activated on August 23 at block height 963648, the beta version will go live on September 20 at block height 967680, and the permanent full version is scheduled to be released on October 31 at block height 973728. Tokens collected during the alpha and beta stages can be destroyed and exchanged for official ECX once the permanent chain is online. ECX's replay protection is still an optional mechanism, and the official wallet will enable this protection and alert users before transactions are executed. Paul Sztorc said that if users ignore the reminder, ECX will replay their Bitcoin transactions so that the relevant bitcoins are transferred out and transferred to new holders along with the user; October 31 is also the 18th anniversary of Satoshi Nakamoto's publication of the Bitcoin White Paper.

14d ago#On-chain dynamics

US Treasury Secretary urges Senate to vote immediately on Clarity Act and cites Satoshi Nakamoto

In comparison, US Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act on Thursday, saying that the House of Representatives passed the bill more than a year ago, and Senate Banking and Agriculture Committee staff have been negotiating the bipartisan revisions for thousands of hours since then. Bessent said the bill would strengthen consumer protection and anti-money laundering requirements and provide regulatory certainty for digital assets. He also said that the Blockchain Regulatory Compliance Act provisions in the Clarity Act will protect decentralized software developers and make it clear that they are not subject to the Bank Secrecy Act registration requirements. Bessent criticized Senate Democrats for postponing the vote due to political reasons and said the relevant vote would determine whether the US continues to maintain its global leadership in digital assets. At the end of his post, he quoted Bitcoin creator Satoshi Nakamoto as saying, “If you don't believe me or don't understand, I don't have time to try to convince you, sorry.” The Clarity Act aims to establish a federal framework for the US digital asset market and divides digital asset supervision responsibilities between the SEC and CFTC, which generally falls under the jurisdiction of the CFTC. Senate Majority Leader John Thune recently said the bill is not expected to be passed by the Senate before the August recess.

22d ago

Bitcoin pullback hits treasury companies: TD Cowen cuts Nakamoto's target price by 58% and maintains a buying rating

Comparing news, Wall Street investment bank TD Cowen lowered the target price of Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), reducing the target price after stock splitting adjustments from $40 to $17, a 58% drop, but still maintains a buying rating. Analyst TD Cowen said that the adjustment was mainly due to the pressure on Nakamoto's high-debt capital structure due to falling Bitcoin prices. Although the new target price of $4.65 still means about 275% room to rise from the current share price, the company's stock is more sensitive to Bitcoin price fluctuations. TD Cowen predicts that Bitcoin will rebound to $100,000 by the end of 2026, which is about 25% lower than the all-time high of $126,000 set in October last year. Meanwhile, the agency expects Nakamoto to suspend further Bitcoin purchases until 2027. Analysts pointed out that Nakamoto's core value still comes from its Bitcoin assets. Currently, the company holds 4,467 BTC worth about US$290 million, ranking 22nd among listed companies in the world for Bitcoin holdings. However, the company's debt and preferred stock financing structure have also reduced the asset value that ordinary shareholders can enjoy. Recently, Nakamoto has completed a number of financial adjustments, including repaying approximately $45 million in debt, extending the $105 million principal period to June 2027, reducing financing costs, and approving a $25 million share repurchase plan. Furthermore, the company has closed the medical clinic business it previously operated, and will focus on Bitcoin media, asset management and consulting services in the future. According to the data, NAKA's stock price has fallen by more than 71% since this year, and Bitcoin fell by about 26% during the same period. The market's focus is shifting from continuing to buy BTC to Bitcoin treasury companies' balance structures and financing capabilities.

26d ago

Bitcoin Treasury Group Turns: Selling BTC, Paying Debt, and Betting on AI, Plummeting Stock Prices Force Strategic Adjustments

Comparatively, with the sharp correction in Bitcoin prices, listed companies that once hoarded BTC are facing multiple challenges such as falling stock prices, debt pressure, and deteriorating financing environments. Some companies have begun to sell Bitcoin, repay debts, and even switch to artificial intelligence (AI) data center business. Strategy pioneered the launch of the “Digital Asset Treasury (DAT)” model, which continues to buy Bitcoin through financing and loans, driving a number of listed companies to follow suit. However, as the price of BTC fell from the high of about $126,000 set in October 2025, the cumulative decline was about 50%, and the stock prices of related companies also shrunk drastically, forcing them to re-evaluate their coin hoarding strategies. This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC and the return of capital while advancing delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to pay off convertible debts. Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay the convertible bonds. The company said it will not continue to buy Bitcoin in the future and plans to sell the remaining approximately 658 BTC. Nakamoto's stock price has dropped by about 99% since SPAC was listed in May 2025. Recently, it sold about 284 BTC and raised about $20 million in operating capital. Nearly 70% of the company's remaining approximately 5342 BTC has been used to secure Kraken loans, and market participants believe it is facing a potentially risky event. At the same time, Bitcoin mining companies are also beginning to adjust their strategies. Companies such as Bitdeer Technologies and MARA Holdings are selling part of the BTC to buy back shares, repay debts, and shift energy resources and computing power infrastructure to AI data center businesses. Other businesses that sell BTC include Empery Digital, etc. According to the data, Strategy has recently sold around 3,620 BTC and authorized further asset sales to maintain dollar reserves. However, Strategy is still the world's largest publicly traded company Bitcoin holder, holding more than 840,000 BTC. Company CEOMichael Saylor said it is possible to sell part of Bitcoin in the future to pay dividends, but that doesn't mean the company is quitting Bitcoin investments. In addition to asset adjustments, there have also been changes in the management and capital operations of some Bitcoin treasury companies. Jack Mallers has stepped down as CEO; Adam Back's Bitcoin Standard Treasury Company (BSTR) also failed to complete the proposed merger due to deteriorating market conditions. Analysts believe that as financing costs rise and BTC price fluctuations intensify, the treasury model of “borrowing money to buy coins” is undergoing a reshuffle, and some companies are shifting from simply hoarding bitcoins to AI infrastructure and business transformation with more cash flow capacity. (CoinDesk) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

29d agoburnking

A number of listed companies have abandoned their Bitcoin reserve strategies, and Bitdeer, Prenetics, etc. have cleared BTC

Comparing news, Matthew Sigel, head of digital asset research at VanEck, wrote on the X platform that since 2026, a number of listed companies using digital asset treasury (DAT) strategies have abandoned or adjusted their Bitcoin reserve strategies. Among them, companies such as Satsuma Technology, Bitdeer, Prenetics, Genius Group, Vaultz Capital, and MAIA Biotechnology have sold all of their Bitcoin or digital asset holdings; MARA Holdings, Strategy, Nakamoto, Smarter Web Company, Cango, etc. have sold part of their Bitcoin for debt repayment, share repurchase, or supplementary operations Funding. In addition, companies such as Exodus and DigitalX have also switched from simply hoarding coins to actively managing digital asset holdings.

29d ago

Project Eleven Launches Bitcoin Quantum Vulnerable Coin Recovery Tool, Prototype Unaudited

Comparing news, Project Eleven launched a new zero-knowledge proof system to provide recovery methods for quantum vulnerable bitcoins proposed to be frozen by BIP-361, including bitcoins held by Satoshi Nakamoto. The scheme uses quantum computers to crack elliptic curve signatures, but cannot crack the characteristics of unidirectional hashes used to derive modern wallet keys, so that the real owner holding the seed material can prove control. Benchmarks showed that the Project Eleven prototype was significantly faster than the previous plan, but the prototype is still unaudited and unfinished, and requires controversial changes to blockchain rules to protect existing bitcoins on the chain. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

34d agoburnking

Data: Bitcoin's four major mining pools control over 70% of computing power

In comparison, as of June 23, 2026, Foundry Digital, AntPool, ViaBtc, and F2Pool together controlled more than 70% of the Bitcoin network's computing power, about 31%, 18%, 13%, and 10%, respectively. Foundry Digital is an American mining pool, backed by Digital Currency Group, mainly aimed at large institutions and listed mining companies. D-Central gave a score of 3 for Nakamoto in the first half of 2026, which means that only 3 mining pools can produce more than half of the blocks. ViaBTC faces stricter regulatory scrutiny in 2026, and some miners have switched to alternative mining pools such as EMCD.

34d ago