Nakamoto Q1 revenue of $2.7 million but net loss of $239 million

Techub News reports, according to crypto.news, Nakamoto released its Q1 financial results showing revenue of $2.7 million and a net loss of $238.8 million. The loss was primarily driven by a $102.5 million loss from Bitcoin market value revaluation and $107.7 million in non-cash option expenses related to acquisitions. The company completed the acquisitions of Bitcoin Inc. and UTXO Management, transitioning into a Bitcoin operating enterprise. As of the end of March, it held over 5,000 Bitcoins, and sold 284 Bitcoins during the quarter to support working capital. Its healthcare business is gradually being wound down, with completion expected by the end of the second quarter.