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David Bailey’s Nasdaq-Listed Bitcoin Firm Nakamoto Sells 284 BTC Below Cost Basis

By bitcoin.com
Mar 31, 2026
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Nakamoto Inc. 10-K Reveals 40% Realized Loss on March 2026 BTC Sale
X post from Nakamoto boss David Bailey last year.

The company is also winding down its legacy healthcare operations to focus on bitcoin-native businesses going forward.

FAQ What did Nakamoto Inc. sell and why? Nakamoto sold 284 bitcoin for approximately $20 million to fund operating expenses, integration costs, and loan interest tied to its recent acquisitions. How much did Nakamoto lose on the bitcoin sale? The company realized an estimated 40% loss — roughly $13 to $14 million — based on a weighted-average acquisition cost of approximately $118,171 per BTC. Does this mean Nakamoto is abandoning its bitcoin strategy? No; the company stated the sale was a short-term liquidity measure and that it remains committed to growing its bitcoin treasury over the long term. How much bitcoin does Nakamoto hold after the sale? Nakamoto retains approximately 5,058 BTC in treasury following the March 2026 transaction.
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