---
title: "NAKAMOTO INC C/WTS 31/05/2029 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 35.87 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295990716.md"
datetime: "2026-08-15T04:10:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295990716.md)
  - [en](https://longbridge.com/en/news/295990716.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295990716.md)
---

# NAKAMOTO INC C/WTS 31/05/2029 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 35.87 M

Revenue: As of FY2026 Q2, the actual value is USD 35.87 M.

EPS: As of FY2026 Q2, the actual value is USD -6.65.

EBIT: As of FY2026 Q2, the actual value is USD -145.54 M.

### Q2 2026 Financial Highlights

Nakamoto Inc. reported total operating revenue of $35.9 million for the second quarter ended June 30, 2026. The company posted an operating loss (GAAP) of - $149.1 million, primarily due to - $105.2 million in non-cash goodwill impairment charges and - $48.7 million in mark-to-market losses on digital assets. Despite this, Nakamoto achieved a positive adjusted operating income (non-GAAP) of $7.3 million. The net loss for the quarter was - $133.0 million, or - $6.65 per diluted share.

#### Debt and Bitcoin Holdings

As of June 30, 2026, Nakamoto Inc. reduced its outstanding debt by approximately $45 million and extended approximately $105 million of principal to June 30, 2027. The company held 4,467 Bitcoin with an aggregate fair value of approximately $261.5 million. The Net Leverage – Digital Assets Ratio was 56% at quarter-end, with cash and cash equivalents totaling $19.1 million and total debt at $164.7 million. The company’s enterprise value was $216.3 million.

#### Segment Revenue and Operating Results (Q2 2026)

-   **Media & Information Services:** This segment generated $25.1 million in revenue, including $24.4 million from media and $0.7 million from advisory services, with Bitcoin 2026 contributing $22.6 million. The segment reported an operating loss of - $75.8 million, which included - $80.6 million in non-cash goodwill impairment charges. The adjusted operating income for this segment was $3.6 million.
-   **Asset Management:** Revenue for this segment was $0.5 million, with an operating loss of - $25.6 million, including - $24.6 million in non-cash goodwill impairment charges. The adjusted operating income for this segment was - $288 thousand.
-   **Bitcoin Operations:** This segment recorded $10.4 million in revenue from the company’s Bitcoin treasury and derivatives strategy, including $9.3 million from protective strategies and $1.2 million from volatility income. The operating loss was - $41.1 million, impacted by - $48.6 million in mark-to-market losses on Bitcoin holdings and a - $2.2 million loss on strategic investments. The adjusted operating income for this segment was $9.7 million.
-   **Other:** This segment reported an operating loss of - $6.6 million and an adjusted operating income of - $5.7 million.

#### Operational Metrics (Q2 2026 Total)

Total operating expenses amounted to $184.9 million, consisting of $15.1 million in cost of revenue, $9.6 million in compensation, $4.7 million in general and administrative expenses, and $2.4 million in depreciation and amortization. The company also reported - $105.2 million in impairment of goodwill and - $48.7 million in loss on change in fair value of digital assets.

#### Shares Outstanding

As of June 30, 2026, Nakamoto Inc. had 17,894,943 common shares outstanding and 22,361,728 fully diluted shares outstanding.

### Outlook

Nakamoto Inc. expects its acquired businesses to integrate successfully and maintain or grow their current earnings levels, anticipating synergies and cross-selling opportunities. The company plans to continue its Bitcoin treasury and asset management strategy for yield generation, capital efficiency, and hedging. It also intends to scale operating businesses and expand revenue opportunities, while acknowledging risks such as Bitcoin price volatility and regulatory developments.

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- [NAKAW.US](https://longbridge.com/en/quote/NAKAW.US.md)

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