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 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. 

Nakamoto shares (NASDAQ: NAKA) rose more than 2% Thursday morning in New York. 

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…

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