Nakamoto Struggles to Recover After 99% Stock Price Collapse

David Bailey, a prominent Bitcoin entrepreneur and ally of Donald Trump, is working to revive his crypto treasury firm, Nakamoto. Following a merger and public market debut in May 2025, the company raised $760 million to build a Bitcoin reserve, with its hedge fund strategy previously yielding a 640% return. However, Nakamoto's stock has since plummeted by approximately 99%, reflecting a broader downturn for digital asset treasury companies as investors move away from paying premiums for Bitcoin held through public entities. Bailey remains in contact with t