> I don't know if it's as bad as it looks on paper, but I certainly wouldn't want to be an investor


I'd say it's _worse_ from everything I've seen, most dirty laundry haven't been aired

denlillaapan

How they haven’t sold any BTC in this deal?

BlokchainB

The NAKA saga continues! I'm sure there are even more ridiculous treasury company stories out there, but NAKA kinda sums it all up for me: massive hype, huge price crash, insiders sell out, now buying their own (former) companies.

I don't know if it's as bad as it looks on paper, but I certainly wouldn't want to be an investor.

This article by Bechler on X took a jaundiced view of the acquisition:

Stacker_Stocks

Nakamoto to acquire BTC Inc and UTXO in $107 million all-stock deal

Wumbo

The NAKA saga continues! I'm sure there are even more ridiculous treasury company stories out there, but NAKA kinda sums it all up for me: massive hype, huge price crash, insiders sell out, now buying their own (former) companies.

I don't know if it's as bad as it looks on paper, but I certainly wouldn't want to be an investor.

This article by Bechler on X took a jaundiced view of the acquisition:

https://x.com/1914ad/status/2023787088097812514