Nakamoto slips premarket as options loss drags Q3 revenue below zero

Cointelegraph reported that Nakamoto shares were down 6% in premarket trading following a quarterly update in which a $5.8 million loss on Bitcoin options pushed operating revenue below zero. The loss was the principal factor identified in the report behind the negative quarterly figure. The company also extended repayment of $60 million in debt owed to Kraken to 2027. That additional detail places the share decline alongside a revision to Nakamoto’s financing obligations, although the supplied coverage did not provide a complete breakdown of the company’s revenue, expenses, or debt terms. The announcement came amid broad weakness across digital assets. Bitcoin, the asset associated with the options loss, was trading at $64,322 at the time of the report, down 4.27% over 24 hours and 14.84% over seven days. Its market capitalization stood at $1.29 trillion. The broader crypto market was also broadly lower, with total market capitalization at $2.25 trillion. The Fear and Greed index stood at 10, classified as Extreme Fear. Investors’ next focus will be whether Nakamoto’s negative operating result and extended Kraken repayment schedule provide further clarity on the company’s financial position, while Bitcoin’s price remains relevant to its reported options exposure.