Nakamoto Falls 6.5% Premarket on $5.8 Million Bitcoin Options Loss
JH Kim
Summary
- Nakamoto shares fell 6.5% in premarket U.S. trading after a Bitcoin (BTC) options investment loss.
- Nakamoto posted a $5.8 million loss from Bitcoin options trading in the third quarter.
- Reflecting that loss, third-quarter operating revenue came in at negative $1.9 million, and the stock fell 6.5% in premarket trading after the earnings release.
Forecast Trend Report by Period
Nakamoto shares fell 6.5% in premarket U.S. trading after losses on Bitcoin options investments weighed on the stock.
Cointelegraph reported on November 13 that Nakamoto posted a $5.8 million loss from Bitcoin options trading in the third quarter.
The loss drove third-quarter operating revenue to negative $1.9 million.
After the earnings release, Nakamoto shares were down 6.5% in premarket trading.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.