Nakamoto (NAKA)
Runs Bitcoin media, investment, and advisory businesses around a Bitcoin-treasury strategy.
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BTC Inc. supplies media and events, while UTXO Management adds Bitcoin investment capabilities. Consulting and advisory services operate beside a Bitcoin-centered balance-sheet strategy.
Operates Bitcoin-focused media and events through BTC Inc., including the Bitcoin Magazine and Bitcoin Conference properties. UTXO Management provides public- and private-market Bitcoin investment capabilities, while the company also offers consulting and advisory services.
These operating lines sit beside a balance-sheet strategy centered on Bitcoin and were assembled through the shift from healthcare operations into a Bitcoin-focused company. Legacy healthcare clinics ceased operations in June 2026, leaving administrative wind-down work.
The stated focus is Bitcoin-native institutional adoption, including planned products and services for corporate and government customers. The business depends on integrating the acquired operations and executing its media, asset-management and financial-services, and consulting-and-advisory verticals around the Bitcoin strategy.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $19.1M · Total debt $164.7M · Total assets $422.5M · Shareholders' equity $236.4M
- Revenue
- $35.9M
- Operating income
- −$149.1M
- Net income
- −$133.0M
No dividends on record.
| Institutions | 15.24% | 2.73M shares | |
|---|---|---|---|
| 40 holders · as of Jun 30, 2026 | |||
| Insiders | 38.43% | 6.88M shares | |
| 17 holders · as of Sep 17, 2026 | |||
| Other | 46.33% | 8.29M shares | |
| remainder | |||
17.89M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
David F. BaileyInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 18.35% | 3.28M | filed Aug 25, 2026 |
Calli Sullivan BaileyInsider10 percent owner | 13.79% | 2.47M | filed Aug 27, 2026 |
UBS Group AGInstitution | 3.45% | 617,313 | as of Jun 30, 2026 |
Tyler Matthew EvansInsiderdirector, officer: Chief Investment Officer | 3.22% | 576,764 | filed Sep 17, 2026 |
Alyeska Investment Group, L.P.Institution | 1.86% | 333,718 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Tyler Matthew Evans | director, officer: Chief Investment Officer | −982 | $7.63 |
| Aug 20, 2026 | David F. Bailey | director, 10 percent owner, officer: Chief Executive Officer | +4,852 | $6.27 |
| Aug 19, 2026 | David F. Bailey | director, 10 percent owner, officer: Chief Executive Officer | +32,134 | $5.59 |
| Aug 18, 2026 | David F. Bailey | director, 10 percent owner, officer: Chief Executive Officer | +4,918 | $5.12 |
| May 26, 2026 | David F. Bailey | director, 10 percent owner, officer: Chief Executive Officer | +31,500 | $5.58 |
- Strategy
Bitcoin treasury and capital-markets financing
- Galaxy Digital
Digital-asset asset management and institutional advisory
- Bullish
Bitcoin media, events, market data, and institutional services
- Twenty One Capital
Bitcoin treasury, financial services, and capital-markets platform
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nakamoto | $10.10 | +0.45% | $174.9M | — | — | 4.4 | +8,867.3% |
| Strategy | $169.60 | +0.65% | $55.74B | — | 5.1 | 111.9 | +6.9% |
| Galaxy Digital | $27.55 | +5.68% | $8.65B | — | — | 0.1 | −3.8% |
| Bullish | $40.62 | +1.20% | $6.09B | — | 64.6 | 0.0 | +62.5% |
| Twenty One Capital | $6.63 | +0.30% | $68.1M | — | — | — | — |
| Median | — | 34.9 | 0.1 | +6.9% |