{"id":49611,"date":"2026-08-13T14:57:04","date_gmt":"2026-08-13T14:57:04","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49611"},"modified":"2026-08-13T14:57:04","modified_gmt":"2026-08-13T14:57:04","slug":"nakamoto-posts-first-positive-adjusted-operating-income-despite-133m-gaap-net-loss","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49611","title":{"rendered":"Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nNakamoto 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":1,"featured_media":49612,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-49611","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nNakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49611\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nakamoto Posts First Positive Adjusted Operating Income, Despite $133M GAAP Net Loss - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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. 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