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David Bailey stated that with a net asset value (NAV) of about $10 per share and an additional estimated $5 to $10 per share in operating asset value, he considers NAKA to represent significant value at its current market price.
This week marked the first open trading window since Bailey became CEO that allowed him to buy shares of the company. He has initiated his purchases with a $1 million stock acquisition.
Earlier this year, Bailey said Nakamoto ended the first quarter with more than 5,000 Bitcoin valued at roughly $345 million and launched a new derivatives strategy, according to a company update. Bailey has also commented on milestones including Bitcoin pizza day celebrations. The company's asset portfolio and recent leadership moves have drawn renewed market interest.