Bitcoin treasury firm Nakamoto sells $20 million in BTC at 40% loss
Nakamoto Inc. sold $20 million in Bitcoin at a 40% loss to fund investments and working capital after recent acquisitions.Summary
Nakamoto Inc., a Bitcoin treasury firm, sold approximately 284 BTC for $20 million in March, realizing an average price of $70,422 per coin. This sale represents a 40% loss relative to the company’s average acquisition cost of $118,171 per Bitcoin. The proceeds will be used to invest in core businesses and replenish working capital following recent mergers with BTC Inc and UTXO Management. In 2025, Nakamoto reported a $166.2 million loss due to the decline in Bitcoin’s price, and a net loss of $52.2 million for the year. The company also intends to exit its legacy healthcare operations and focus on integrating its acquisitions and scaling its operations, as stated by CEO and Chairman David Bailey. Following the news, Nakamoto’s shares initially fell but recovered somewhat in after-hours trading, though the stock remains down 80% over the past six months.
(Source：The Block)