{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-022786","form_type":"8-K","ticker":"NAKA","cik":"0001946573","company_name":"Nakamoto Inc.","filed_at":"2026-05-13T21:08:01+00:00","discovered_at":"2026-05-13T21:10:00.345090+00:00","generated_at":"2026-05-13T21:11:07.892013+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"confidence":"high","headline":"Nakamoto Q1 net loss $238.8M, hit by Bitcoin price drop; revenue $2.7M, partial quarter from new units","bullets":["Total operating revenue $2.7M, up from $0.6M YoY; net loss $238.8M driven by $102.5M BTC mark-to-market loss and $107.7M non-cash option reduction.","GAAP operating loss $126.2M; adjusted non-GAAP operating loss $7.8M including ~$8M transaction costs.","Completed acquisitions of BTC Inc and UTXO Management on Feb 20, 2026; partial quarter contributions from Media ($0.8M) and Asset Mgmt ($0.2M).","Held >5,000 BTC worth ~$345M at quarter-end; sold 284 BTC for working capital; Bitcoin price fell from $87,519 to $68,220.","Healthcare wind-down expected substantially complete by Q2 2026; cash $35.3M, notes payable $210M, enterprise value $327M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-022786","json":"https://secwatch.observer/filing/0001493152-26-022786.json","markdown":"https://secwatch.observer/filing/0001493152-26-022786.md","text":"https://secwatch.observer/filing/0001493152-26-022786.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226022786/0001493152-26-022786-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1946573/000149315226022786/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-13T21:11:07.892013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}