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Nakamoto Options Loss Turns Q3 Operating Revenue Negative

By The Defiant Team

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.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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