Nakamoto Options Loss Turns Q3 Operating Revenue Negative

First reported by Cointelegraph at Fri 7:04 AM · 3 outlets in all

1. The Defiant1hNakamoto Options Loss Turns Q3 Operating Revenue NegativeBitcoin valuation gains drove an $85.5 million profit, while part of the loss-making options program provides downside protection tied to Kraken loan collateral.
2. Crypto Briefing1hNakamoto shares fall after Q3 operating revenue turns negativeNakamoto's reliance on volatile Bitcoin derivatives highlights the risks of leveraging crypto assets, impacting investor confidence and market stability.
3. Cointelegraph1hNakamoto shares fall 6% premarket after Q3 revenue turns negativeA $5.8 million loss on Bitcoin options pushed operating revenue below zero, and higher Bitcoin prices lifted net income to $85.5 million.