Key Highlights:
  • Nakamoto Inc. sold $20M worth of BTC
  • Sale executed at roughly 40% below average purchase price
  • Funds will support operations and recent acquisitions

Treasury liquidation under pressure

Nakamoto Inc. sold around 284 BTC for $20 million in March, at an average price significantly below its acquisition cost. This represents a major realized loss for the company.

The move comes after a challenging period where falling bitcoin prices impacted the firm’s balance sheet.

Shift toward operational priorities

The company stated that proceeds will be used to strengthen core operations and support recent mergers. It is also moving away from legacy business lines, including healthcare.

This signals a shift from pure bitcoin accumulation toward a more diversified business strategy.

Broader trend among crypto treasury firms

Nakamoto’s sale highlights the risks of holding large crypto reserves during volatile markets. While many firms accumulated BTC during bullish periods, some are now forced to sell below cost to maintain liquidity.

Read the full article on theblock.