Nakamoto Reports Negative Revenue Despite $85.5M Profit

Publicly traded Bitcoin company Nakamoto ended the third quarter with a negative operating revenue of $1.9 million but achieved a net profit of $85.5 million due to the revaluation of its crypto reserves. The firm also revised the terms of a $165 million USDT loan from Kraken, according to the report.

Steven M. Crimmins

Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.