Nakamoto Sells $20M Bitcoin, Exits Metaplanet at Loss in Q1
Nakamoto sold $20 million in Bitcoin and reduced its Metaplanet stake at a loss during Q1, citing investment in business and working capital.Summary
Nakamoto, formerly KindlyMD, sold approximately 284 Bitcoin for $20 million in March, averaging $70,400 per coin—a 20% discount from its year-end valuation of $87,519. The company intends to use the proceeds for further business investment and to replenish working capital following recent mergers. Nakamoto also exited a significant portion of its Metaplanet investment, selling five million shares for $11.1 million after initially acquiring eight million shares at $3.75 each. The company reported a $166.2 million loss in 2025 due to declines in Bitcoin's fair value and a net loss of $52.2 million for the year. Nakamoto plans to discontinue its legacy healthcare operations and focus on integrating acquisitions like BTC Inc and UTXO Management. Its shares have fallen 80% in the past six months, trading at around $0.21.
(Source：Cointelegraph)