Crypto Firm NAKA Shares Plunge 90% Amidst Leadership and Market Turmoil

NAKA, a Bitcoin treasury firm seeking to lead the industry, experienced a dramatic market decline following leadership changes and challenges related to its financial model. Share values plummeted by over 90%, with experts attributing this crash to broader weaknesses in the Bitcoin treasury structure and the resulting leadership turmoil. 2023’s volatility for crypto companies is hitting new heights as regulations increase pressure on operational efficiency.