Bitcoin treasury company sells $20M BTC at a loss as its stock collapses after buying at $118k
Nakamoto, a Bitcoin treasury company, sold $20M worth of BTC at a loss after its stock price plummeted from a high of $34.77 to $0.21.Summary
Nakamoto, a publicly traded Bitcoin treasury company, recently sold approximately 284 BTC for $20 million, realizing a significant loss as the average sale price of $70,422 was substantially below its weighted average purchase price of $118,171 in 2025. This sale comes as the company's stock has collapsed, currently trading near $0.21 after reaching an all-time high of $34.77. The situation highlights the risks associated with Bitcoin treasury strategies, particularly when macro conditions worsen and financing assumptions are challenged. Nakamoto's recent acquisition of BTC Inc. and UTXO Management further complicates matters, tying the company's performance more closely to the broader Bitcoin narrative at a time when its equity value has drastically declined. The market is now scrutinizing Nakamoto's ability to survive and fund operations, with concerns raised about insider ownership and the lack of recent treasury growth. The company's future hinges on Bitcoin's stabilization and its ability to regain investor trust and access to capital.
(Source：CryptoSlate)