As an analyst, I’ve been tracking Nakamoto Inc. (NAKA), a company that holds Bitcoin as part of its assets. In March, they sold around 284 Bitcoin for approximately $20 million, which reduced the size of their Bitcoin holdings.
According to a recent financial filing, the company sold its cryptocurrency holdings for an average of about $70,422 per coin.
Okay, so I just saw this interesting intel. Apparently, David Bailey – who some believe is actually Satoshi Nakamoto – sold off $20 million worth of Bitcoin at around $70,422 each. The kicker? They originally bought those coins for an average of $118,171. That’s a pretty significant loss, and it definitely got my attention as an investor.
— Solid Intel 📡 (@solidintel_x) March 30, 2026
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Nakamoto plans to establish a US dollar fund to cover essential costs. This will include funding for important projects, streamlining operations, and covering regular business expenses.
As an analyst covering the company, I can report that we officially began our Bitcoin operations following the completion of the Nakamoto Merger on August 14, 2025. By the end of 2025, our Bitcoin holdings totaled 5,342 BTC, with an approximate value of $467.5 million.
Unfortunately, this plan hasn’t gone well. Nakamoto reported a loss of $166.2 million for the year ending December 31, 2025, due to changes in the value of its digital assets.
The decrease in value came as the average purchase price of Bitcoin fell from $118,171 to $87,519 by the end of the year. The company also experienced a $9.9 million loss on its investments.
According to CEO David Bailey, the company is currently prioritizing the combination of recent acquisitions, improving efficiency to boost profits, and expanding its offerings and growth plans across all business areas. They continue to view Bitcoin as a valuable long-term investment and are carefully increasing their Bitcoin holdings in a financially responsible way.
The company’s stock price has recently been declining. According to Google Finance, NAKA closed at $0.21 on Monday after dropping 7.16%, though it did see a partial recovery, rising about 5.6% in after-hours trading. Overall this year, NAKA’s stock is down around 40%.
Nakamoto’s sale of Bitcoin happens as companies that hold Bitcoin as part of their company finances are facing challenges. Data from CryptoQuant shows that Strategy (previously known as MicroStrategy) now owns about 76% of all the Bitcoin held by these types of companies.
As an analyst, I’ve been tracking recent Bitcoin acquisitions, and the data is quite striking. Over the last month, my analysis shows this company purchased around 45,000 BTC. Interestingly, all other corporate treasuries *combined* only added about 1,000 BTC during the same period. This really highlights a significant drop in broader participation in Bitcoin investment right now.
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2026-03-31 11:22