According to Bloomberg, crypto entrepreneur David Bailey, who once helped promote Trump’s support for Bitcoin, raised about $760 million last year for his Bitcoin treasury company, Nakamoto. At one point, the related hedge fund’s investment returns reached 640%. However, since its SPAC merger in May 2025, Nakamoto’s stock price has dropped about 99% from its peak, impacting its Bitcoin-financing model. The company is now seeking to acquire cash-flow-positive businesses and prioritizing the buyback of undervalued shares. In the first half of 2026, it reported a loss of approximately $372 million and executed a 40-to-1 reverse stock split in May. https://(wublock123.com)/news/david-bailey-nakamoto-stock-plunges-99-percent-67670