David Bailey’s Nakamoto sells roughly 5% of its bitcoin holdings, offloading 284 BTC

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email David Bailey’s Nakamoto sells roughly 5% of its bitcoin holdings, offloading 284 BTC The sale underscores liquidity pressures as the company continues its pivot to a bitcoin treasury strategy. By James Van Straten , AI Boost | Edited by Sheldon Reback Mar 31, 2026, 9:41 a.m. Make preferred on David Bailey (CoinDesk) What to know : Nakamoto sold 284 bitcoin for $20 million, giving an average sale price of $70,422 per bitcoin. The company’s stock has fallen around 99% from its all-time high in May 2025. Nakamoto Holdings (NAKA), a bitcoin BTC $ 66,421.35 firm founded by David Bailey, said it sold about 284 BTC for $20 million in March, marking a rare reduction in its holdings as it pivots toward a bitcoin treasury strategy. The proceeds will be used to support working capital and fund operations following its acquisitions of BTC Inc. and UTXO , two businesses central to its transition into a bitcoin-focused platform, the company said in its full-year earnings filing . The company went public in May by merging with KindlyMD , a health-care provider, and raised $710 million to pursue the treasury strategy. The March sale represents some 5% of the company’s bitcoin holdings and took place despite its stated intention to continue accumulating the asset. Based on the disclosure, the average sale price was around $70,422 per bitcoin. The move highlights growing liquidity pressures. Nakamoto has an 8%, $210 million USDT loan from Kraken, secured by a majority of its bitcoin, limiting financial flexibility and increasing the potential need for further asset sales to meet the interest payments. According to the 10-K filing, the company remains unprofitable, reporting a pre-tax loss of $52.2 million for the year ended Dec. 31, wider than the $3.6 million loss the previous year. The drop was driven primarily by a $166.1 million slump in the value of its digital assets due to a late-2025 bitcoin price decline. The shares have fallen 99% from their all-time high in May. Bitcoin News Digital Asset Treasury AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You The Definitive Stablecoin Landscape Series: North America By CoinDesk Research Mar 26, 2026 Commissioned by Ripple As stablecoins evolve into core financial infrastructure, North America leads. This report maps the regulation, market shifts, and players driving adoption. Why it matters : Stablecoins are entering their third phase of evolution - the institutionalization era - becoming increasingly embedded into core financial infrastructure. As institutions prioritize transparency and compliance, regulated issuers like USDC, RLUSD, and PYUSD are steadily gaining share with RLUSD surpassing $1B in market cap within its first year. North America, leading in regulatory frameworks and institutional distribution, is at the center of it all. View Full Report More For You Hashdex’s diversified crypto ETF adds options for hedging, income generation By Omkar Godbole | Edited by Sheldon Reback 39 minutes ago Options on Hashdex’s diversified NCIQ ETF now let investors hedge, generate income and manage risk across a broad basket of digital assets. What to know : Options on Hashdex’s diversified NCIQ ETF let investors hedge, generate income, and manage risk across a broad basket of digital assets. The new products remove barriers for institutions, enabling yield strategies, downside protection, and defined-risk positions on diversified crypto exposure. Read full story Latest Crypto News Hashdex’s diversified crypto ETF adds options for hedging, income generation 39 minutes ago Crypto investment firm Keyrock valued at $1.1 billion in Series C led by SC Ventures 1 hour ago Bitcoin demand falters as 'real' interest rates surge 2 hours ago Bitcoin holds $67,500 as Trump signals he may end Iran war with Hormuz still shut 3 hours ago Maryland man charged in $50 million Uranium Finance hack after U.S. seized $31 million in crypto 4 hours ago KuCoin operator barred from U.S. after CFTC order, following $297 million DOJ case 4 hours ago Top Stories Breaking Bitcoin with quantum may be easier than thought, with Taproot partly to blame, Google says 4 hours ago Jack Dorsey’s Square auto-enables bitcoin payments for millions of U.S. businesses 15 hours ago Democrats urge warnings to federal officials against insider bets on prediction markets 12 hours ago Bitmine makes biggest ether purchase in 2026 while other digital asset treasuries pull back 19 hours ago Bitcoin hashrate posts first-quarter drop for first time in 6 years as miners pivot to AI 18 hours ago Trump-backed American Bitcoin hits 7,000 BTC as holdings expand rapidly 16 hours ago In this article BTC BTC $ 66,421.35 ◢ 1.53 %