Trump's Crypto Ally Fights to Save His Company After a 99% Crash
Benzinga · Published Sep 2, 2026, 3:00 PM EDT
Article Summary
Nakamoto Inc. (NASDAQ:NAKA), the Bitcoin treasury company built by Trump ally David Bailey, has crashed 99% from its peak and is now hunting for cash-generating acquisitions to survive. Nakamoto's 99% Crash Breaks Its Bitcoin Buying Model Bloomberg reported Wednesday that Bailey raised roughly $760 million for Nakamoto after helping win Trump over to Bitcoin (CRYPTO: BTC).
This article appears to be broader market context rather than a single-asset story.
What Happened
Nakamoto Inc. (NASDAQ:NAKA), the Bitcoin treasury company built by Trump ally David Bailey, has crashed 99% from its peak and is now hunting for cash-generating acquisitions to survive. Nakamoto's 99% Crash Breaks Its Bitcoin Buying Model Bloomberg reported Wednesday that Bailey raised roughly $760 million for Nakamoto after helping win Trump over to Bitcoin (CRYPTO: BTC).
Why It Matters
It may matter as broader market context rather than a single-asset catalyst. CoqiLabs groups this article under Bitcoin to help readers understand the related market theme.
Market Context
Published by Benzinga. Category: Bitcoin. Published Sep 2, 2026, 3:00 PM EDT.
This article appears to be broader market context rather than a single-asset story.
Sentiment Read
Market tone for this article appears negative. This article is shown for market context only and is not financial advice.
Original Publisher
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