Nakamoto Treasury Plunges 98% Amid Lavish Payouts
Nakamoto Treasury Plunges 98% Amid Lavish Payouts
A treasury associated with Bitcoin, known as Nakamoto, has reportedly experienced a dramatic 98% decrease in value. Despite this significant financial downturn, the entity is noted for continuing to make substantial payments, including a promised 10x EBITDA multiple during its acquisition of BTC Inc.
The Nakamoto treasury, which has ties to Bitcoin, is reported to be down by an alarming 98% from its original valuation. This stark decline raises questions, particularly as the entity previously committed to lucrative financial arrangements, such as offering a 10x EBITDA multiple during the acquisition of David Bailey’s private business, BTC Inc. The article highlights the apparent disconnect between the severe financial underperformance of Nakamoto and its continued lavish expenditures.