Nakamoto Sells $20 Million in Bitcoin and Cuts Metaplanet Stake

Nakamoto, the Bitcoin treasury company formerly known as KindlyMD and chaired by David Bailey, sold approximately 284 Bitcoin in March for about $20 million, implying an average price near $70,400 per coin. At the end of 2025, the firm valued its Bitcoin at $87,519 per coin, indicating the sale occurred at roughly a 20% discount to its year-end valuation.

Following the transaction, Nakamoto’s Bitcoin holdings declined to around 5,058 BTC from 5,342 BTC recorded at the end of 2025. The company said proceeds would be used to fund business investments and replenish working capital related to recent mergers.

Metaplanet Exit and Financial Losses

Nakamoto also reduced its Metaplanet position, selling five million shares for about $11.1 million after initially acquiring eight million shares at $3.75 each, totaling roughly $30 million. By the end of 2025, the company had already reported an unrealized loss of $9.29 million, reducing the carrying value to $20.7 million.

Strategic Shift and Compliance Pressure

Nakamoto reported a $166.2 million loss tied to cryptocurrency valuation changes and posted a net loss of $52.2 million for 2025. Bailey said the firm plans to wind down legacy healthcare operations and focus on integrating BTC Inc and UTXO Management, while shares remain under pressure following a Nasdaq notice issued in December 2025 after trading below $1 for 30 consecutive business days.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.