Nakamoto Inc. (NAKA), a Bitcoin (BTC) treasury company, sold approximately 284 Bitcoin (BTC) in March for about $20 million, trimming its treasury.
The sale, disclosed in the firm’s 10-K filing, implies an average exit price of roughly $70,422 per coin.
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Nakamoto said it intends to create a US dollar operating reserve. This fund will be used to finance strategic projects, integration activities, and day-to-day expenses.
The company launched its Bitcoin Operations strategy after closing the Nakamoto Merger on August 14, 2025. The firm held 5,342 BTC at year-end 2025, valued at roughly $467.5 million.
However, the strategy has taken a significant hit. For the year ended December 31, 2025, Nakamoto reported a $166.2 million loss from changes in the fair value of its digital assets.
The decline reflected a drop from a weighted average purchase price of $118,171 per BTC to $87,519 at year-end. The firm also booked a $9.9 million loss on investments.
Meanwhile, the firm’s stock has also been under pressure. Google Finance data showed that NAKA fell 7.16% to close at $0.21 on Monday before recovering about 5.6% in after-hours trading. NAKA is down roughly 40% year-to-date.
Nakamoto NAKA Stock Performance. Source: Google FinanceNakamoto’s decision to sell comes at a difficult time for Bitcoin treasury companies. According to CryptoQuant data, Strategy (formerly MicroStrategy) now accounts for roughly 76% of all Bitcoin held by treasury firms.
The company purchased about 45,000 BTC in the past 30 days, while all other treasury firms combined added just 1,000 BTC. That concentration marks a substantial decline in participation.
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The post Bitcoin Treasury Firm Nakamoto Cuts Down BTC Holdings Amid Market Pressure appeared first on BeInCrypto.
Source: https://beincrypto.com/nakamoto-sells-bitcoin-treasury-loss-2025/
