NAKA’d (verb) — /nah-kahd/
To lose substantial money in a Bitcoin-related stock while believing you were getting safe or amplified Bitcoin exposure.
To be destroyed by dilution, leverage, treasury-company hype, or secondary offerings despite Bitcoin itself remaining stable or rising.
Example usage:
“Bitcoin was flat but my portfolio got absolutely NAKA’d.”
“He thought he was buying BTC exposure. Instead he got NAKA’d.”
“Read the ATM filing before you get NAKA’d.”