Bitcoin Treasury Firm Nakamoto Cuts Down BTC Holdings Amid Market Pressure
Bitcoin treasury firm Nakamoto Inc. sold $20 million in BTC during March to establish a US dollar operating reserve.Summary
Nakamoto Inc. (NAKA), a Bitcoin treasury company, sold approximately 284 BTC in March for about $20 million, realizing an average exit price of roughly $70,422 per coin, which was below its average purchase price of $118,171.
The sale was executed to create a US dollar operating reserve intended to finance strategic projects, integration activities, and daily expenses following the firm's August 2025 merger. Despite the sale, CEO David Bailey affirmed the company's long-term commitment to Bitcoin, emphasizing a focus on integration and disciplined treasury growth.
However, the firm reported a significant $166.2 million loss from changes in the fair value of its digital assets for the year ended December 31, 2025. This context highlights broader market pressure on Bitcoin treasury firms, as data shows a massive concentration of BTC holdings in Strategy (formerly MicroStrategy), while other firms have significantly reduced their additions.
(Source：BeInCrypto)