Nakamoto Holdings reported a $5.8 million options loss in Q3 that exceeded its $3.9 million in business revenue, turning operating revenue negative for the quarter.
Despite the operational shortfall, the company posted a net profit of $85.5 million, driven primarily by unrealized gains on its Bitcoin holdings valuation.
Nakamoto's Options Loss Turns Q3 Operating Revenue Negative Despite $85.5M Net Profit
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