Naka at an all time low. Debuted at about $3. A year ago it was around 80 cents. Now about 75 cents. Top was $20 or so putting market cap around $6B. Now market cap is $300M. At some point you get delisted. Will be interesting to see what happens
Discussion
I don’t think they were around a year ago. Either way, volatility cuts both ways. Not everyone can be a pioneer
Debuted May 26, 2024 at $3.02. Had to look this up. Havent followed their pricing too much, just looked it up when it tanked for some historical context. Indeed, volatility cuts both ways.
I don’t think the Bitcoin part of the company (Nakamoto) was announced last year. Looking at the chart it looks like it was announced April this year when stock was around $1.80
Either way, most of these companies are building for the next 10 years not 6 months. People called Bitcoin a failed experiment (some still do) in 2012, etc.
Some people think Bitcoiners are stupid, bitcoiners think MSTR share holders are stupid, MSTR share holders think other BTC TCs are stupid…..
Few can asses the landscape without emotional knee jerk or PTSD induced reactions.