---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-013693"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:15:13.853434+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nakamoto reports Q4 2025 GAAP operating loss $160.7M; holds 5,342 Bitcoin

## Summary
- Q4 2025 healthcare revenue $0.44M (down 26% YoY); full year $1.82M (down 33%).
- Bitcoin operations generated no revenue; $142.6M loss from fair value decline in Q4.
- Full year adjusted operating loss $13.6M vs. 2024 loss of $3.3M (healthcare only).
- Acquired BTC Inc and UTXO Management in Feb 2026; exiting legacy healthcare operations.
- Sold ~$20M of Bitcoin post-period for operating reserve; shares outstanding rose to 690M.

## SEC filing metadata
- accession: 0001493152-26-013693
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000149315226013693/0001493152-26-013693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000149315226013693/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-013693
- JSON: https://secwatch.observer/filing/0001493152-26-013693.json
- Plain text: https://secwatch.observer/filing/0001493152-26-013693.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.