Nakamoto Inc. Q2 Adjusted Operating Income Turns Positive at $7.3M

Nakamoto Inc. reports $7.3M adjusted operating income for Q2 2026, its first positive result since pivoting to Bitcoin operations, alongside a 4,467 BTC holding.

Woofun AI reports that Nakamoto Inc. (NASDAQ: NAKA) disclosed second-quarter 2026 financial results, recording total revenue of $35.9 million. Media and asset management segments generated $25.6 million, while Bitcoin derivatives strategies contributed $10.4 million. The company reported a GAAP operating loss of $149.1 million, attributed to $105.2 million in non-cash goodwill impairment and a $48.7 million decline in Bitcoin market capitalization. Excluding these non-cash items, adjusted operating income reached $7.3 million, marking the first positive figure since the firm transitioned to Bitcoin operations.

During the quarter, Nakamoto Inc. repaid approximately $45 million in USDT debt and extended the maturity of roughly $105 million in USDT principal to June 30, 2027. As of June 30, the company held 4,467 Bitcoin, valued at approximately $261.5 million, resulting in a digital asset net leverage ratio of 56%.