{"id":8154,"date":"2026-08-13T15:17:44","date_gmt":"2026-08-13T15:17:44","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/08\/13\/nakamoto-posts-first-positive-adjusted-operating-income-despite-133m-gaap-net-loss\/"},"modified":"2026-08-13T15:17:44","modified_gmt":"2026-08-13T15:17:44","slug":"nakamoto-posts-first-positive-adjusted-operating-income-despite-133m-gaap-net-loss","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/08\/13\/nakamoto-posts-first-positive-adjusted-operating-income-despite-133m-gaap-net-loss\/","title":{"rendered":"Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss<\/a><\/p>\n

<\/div>\n

Bitcoin operating company Nakamoto Inc.<\/a> dropped its first quarterly results on Thursday, marked by a wide GAAP net loss in what the company is calling a turning point in its underlying operations.<\/p>\n

The Nashville-based company posted<\/a> total operating revenue of $35.9 million for the quarter ended June 30, 2026, split between $25.6 million from its media and asset management units and $10.4 million from its Bitcoin treasury and derivatives strategy, according to a Thursday statement.\u00a0<\/p>\n

Nakamoto shares (NASDAQ: NAKA) rose more than 2% Thursday morning in New York.\u00a0<\/p>\n

On a GAAP basis, Nakamoto reported an operating loss of $149.1 million and a net loss of $133.0 million, or $6.65 per diluted share \u2014 driven largely by a $105.2 million non-cash goodwill impairment and $48.7 million in mark-to-market losses on its Bitcoin holdings.<\/p>\n

Stripping out those non-cash items, the picture looks different: adjusted operating income came in at $7.3 million, which the company says is its first positive adjusted operating income since it became a Bitcoin operating company.<\/p>\n

\u201cThis quarter we delivered the first positive adjusted operating income since Nakamoto became a Bitcoin operating company,\u201d David Bailey, the company\u2019s Chairman and CEO, said, pointing also to a roughly $45 million reduction in outstanding debt and the extension of about $105 million in loan principal to June 2027.<\/p>\n

The quarter also brought a major structural shift: Nakamoto completed the closure of its legacy healthcare clinics on June 19, 2026, finishing its transition into a pure-play Bitcoin operating company. The board authorized a $25 million share buyback and added Chief Investment Officer Tyler Evans as a director.<\/p>\n

Nakamoto\u2019s asset management arm, UTXO Management, launched a new structured credit fund and said it guided a client vehicle, the 210k Capital Fund, through what it described as the first cleared Bitcoin Depositary Receipt trade settled via traditional prime brokerage and DTCC infrastructure \u2014 a milestone the firm frames as a step toward integrating Bitcoin products into mainstream financial markets. Separately, the 210k Capital fund itself fell 5% for the quarter, outperforming a 14% decline in Bitcoin over the same period.<\/p>\n

The company\u2019s media unit, BTC Inc., generated $22.6 million from its flagship Bitcoin 2026 conference and announced a new daily video network, BM TV, along with new institutional-focused events aimed at connecting corporate executives and capital allocators with the Bitcoin industry.<\/p>\n

Nakamoto ended the quarter holding 4,467 Bitcoin, valued at approximately $261.5 million.<\/p>\n

Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)<\/em><\/p>\n

This post Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss Bitcoin operating company Nakamoto Inc. dropped its first quarterly results on Thursday, marked by a wide GAAP net loss in what the company is calling a turning point in its underlying operations. The Nashville-based company posted total operating revenue of $35.9 […]<\/p>\n","protected":false},"author":0,"featured_media":8155,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-8154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=8154"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/8154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/8155"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=8154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=8154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=8154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}