Nakamoto Inc. Shares Plummet 99% From Peak

Nakamoto Inc., led by crypto entrepreneur and Trump ally David Bailey, has seen its stock price collapse by approximately 99% since its merger announcement in May 2025. Bailey, who previously raised $760 million to build a Bitcoin reserve for the company, faces this decline as part of a broader downturn for digital asset treasury firms, with the premium investors once paid for Bitcoin exposure via public companies largely evaporating. Despite the market crash, Bailey maintains contact with the White House and is working to demonstrate the company's ongoing