Bitcoin treasuries face $34B losses; Nakamoto Inc. hits record $224M loss amid market downturn.

Bitcoin has declined sharply since its 2025 peak, falling 41% from $126k to around $73k in 2026. Institutional investors like Nakamoto Inc., which bought $679 million in BTC at an average of $118k, have suffered heavy losses, with Nakamoto losing $224 million and its stock price dropping 99.3%. Overall, Bitcoin treasuries' holdings dropped from $124 billion to $90 billion, forcing some to sell assets to cut losses. This trend signals continued market pressure and potential further sell-offs by major holders.