Nakamoto Shares Fall 6% After Negative Q3 Revenue

Nakamoto shares fell 6.5% premarket on Friday after the company reported third-quarter operating revenue of negative $1.9 million due to a $5.8 million loss on Bitcoin options. Despite this, net income reached $85.5 million driven by an $110.4 million gain from revaluing digital assets. The stock traded at $5.40, down 62% year to date.