David Bailey

Nakamoto Inc. (NAKA) closed its last healthcare clinic on June 19, 2026, completing its transition to a Bitcoin-focused operating business. The company now operates three core verticals—media and information services, asset management, and consulting—aimed at generating recurring revenue independent of Bitcoin's price.

Nakamoto closed its healthcare clinics on June 19 as part of a merger-linked wind-down, shifting focus entirely to bitcoin operations. The company, associated with David Bailey, is completing this transition to pivot fully into bitcoin.

Nakamoto bitcoin treasury announced a 1-for-40 reverse split, shrinking outstanding shares from 696 million to 17.4 million, following a 99.5% price drop. The move comes as shares hit new lows. David Bailey is associated with the company.

Nakamoto reported a $238.8 million first-quarter net loss due to a mark-to-market loss on its bitcoin holdings. The company's bitcoin treasury value slid, resulting in a $102.5 million loss. This significant loss affects Nakamoto's financial performance.

Nakamoto, a Bitcoin firm, reported a net loss in Q1 despite experiencing sixfold revenue growth. The company aims to scale its Bitcoin treasury, services, and trading strategies. Nakamoto CEO David Bailey expressed the company's focus on this goal for the remainder of 2026.

Bitcoin industry leaders at The Bitcoin 2026 Conference emphasized collaboration among competitors as a key driver of institutional adoption. They highlighted structural challenges, such as institutional barriers limiting Bitcoin access, and stressed the need for infrastructure development like custody solutions and regulatory clarity to enable hyperbitcoinization.

A documentary titled 'This Time Is Different' is being produced to document Bitcoin's four-year cycle, focusing on David Bailey of Nakamoto Inc. and the company's public launch. The film, led by filmmaker Parker Worthington, captures Nakamoto Inc.'s $710 million capital raise and challenges in navigating the crypto market, with a potential 2027 release.

The Bitcoin 2027 Conference will return to Nashville, Tennessee, from July 15-17, 2027, after two years in Las Vegas. The event, known for its large attendance and high-profile speakers, previously drew 35,000 attendees in 2024. BTC Inc., organizer of the conference, highlighted Nashville's logistical advantages and announced the launch of BM TV, a new media platform.