Svmuu News: Nakamoto (NAKA) has officially transitioned to operating as Bitcoin. Financial reports show that due to the decline in the price of Bitcoin, the company posted a net loss of nearly $239 million in the first quarter.As a result, its stock price hit a record low of $0.16 on Thursday, down more than 99.5% from its 52-week high. The company’s total revenue for the first quarter was $2.7 million, of which $1.1 million came from derivatives strategies. To meet working capital needs, the company sold 284 Bitcoin in the first quarter, worth approximately $22 million, and additionally sold 40 Bitcoin for revenue, worth approximately $3.2 million.Currently, Nakamoto still holds over 5,000 Bitcoin, with a portfolio value exceeding $400 million. The price of Bitcoin today is approximately $80,922.