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Is the Bottom in for Nakamoto Holdings (NAKA)? B. Riley Initiates Coverage with Buy Rating
ByAinvest
Tuesday, Oct 21, 2025 9:24 am ET1min read
B. Riley Securities has initiated coverage of crypto treasury companies, including Nakamoto Holdings (NAKA), and rates NAKA as a buy. The company's stock is down 94% since July 1 and 44% YTD, but B. Riley believes the multiple on net asset value should correct to the mean, boosted by accretive BTC purchases and potential partnerships. The bank estimates NAKA could appreciate to $2 by the end of 2026, assuming the company accumulates 18,000 BTC.
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