Jul. 16 at 10:37 PM
Absolute destruction! One-year-old
$10B giant
$NAKA is now hanging on at just
$60M!
Nakamoto Inc. (
$NAKA) gets battered 9.36% today to close at
$3.97 (intraday low of
$3.96), bringing its market capitalization down to
$69.09M.
It’s been a historic wealth destruction event. After peaking at a 52-week high of
$658.80, NAKA has officially cratered to the
$3 range. The massive transition to Bitcoin-native infrastructure hasn't saved the financials, with EPS currently deeply in the red at -
$38.67.
At these depressed valuations, any further deterioration of liquidity seals its fate as a permanent penny stock.Are we looking at complete capitulation to zero, or is there a high-beta dead cat bounce brewing?