---
title: "Nakamoto Options Loss Turns Q3 Operating Revenue Negative"
url: https://thecoingazette.com/nakamoto-options-loss-turns-q3-operating-revenue-negative/
date: 2026-11-13
modified: 2026-11-13
lang: en
author: "Coin Gazette Editorial"
description: "Bitcoin valuation gains drove an $85.5 million profit, while part of the loss-making options program provides downside protection tied to Kraken loan collateral."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 30
---

# Nakamoto Options Loss Turns Q3 Operating Revenue Negative

Bitcoin valuation gains drove an $85.5 million profit, while part of the loss-making options program provides downside protection tied to Kraken loan collateral.... Read the full story at The Defiant