Key Takeaways
- In March, Nakamoto liquidated 284 Bitcoin, generating approximately $20 million at roughly $70,400 per coin.
- This sale represented an almost 20% markdown from the company’s Bitcoin valuation at 2025 year-end.
- Following the March disposal, the firm’s Bitcoin treasury dropped to approximately 5,058 BTC.
- The company divested five million Metaplanet shares, generating around $11.1 million while incurring losses.
- Nakamoto’s initial Metaplanet investment totaled roughly $30 million for eight million shares purchased at $3.75 per share.
Nakamoto liquidated approximately $20 million in Bitcoin throughout March while simultaneously trimming its Metaplanet equity position during Q1. The corporation disclosed these financial movements through recent regulatory submissions, detailing current asset positions. Additionally, the company acknowledged declining equity valuations and announced intentions to discontinue healthcare sector activities.
Bitcoin Treasury Shrinks Following Major Liquidation Event
During March, Nakamoto sold 284 Bitcoin units, collecting roughly $20 million with an average realized price around $70,400 per token. This contrasted sharply with the company’s year-end 2025 Bitcoin valuation of $87,519 per unit, representing nearly a 20% price reduction. At 2025’s conclusion, the firm maintained 1,625 BTC valued at $142.2 million using that accounting method.
Post-transaction figures showed Nakamoto’s total Bitcoin inventory at approximately 5,058 BTC, representing a decrease from the 5,342 BTC reported at 2025 year-end.
According to the company’s statement, “We plan to use the proceeds to invest further in our businesses as well as replenish our working capital for costs associated with the recent Mergers.”
David Bailey serves as Nakamoto’s chairman, directing corporate strategy while managing the integration of BTC Inc and UTXO Management operations.
The corporation documented a substantial $166.2 million loss throughout 2025, primarily attributed to fair value adjustments on cryptocurrency holdings. Bitcoin price movements fell beneath Nakamoto’s average acquisition cost during this timeframe, contributing to an annual net loss of $52.2 million.
Metaplanet Divestment Compounds First Quarter Challenges
Nakamoto decreased its Metaplanet position throughout the opening quarter, liquidating five million shares for approximately $11.1 million in proceeds. The corporation initially obtained eight million shares at a $3.75 unit price, representing a total investment of roughly $30 million. The realized sale price of approximately $2.22 per share confirmed substantial losses on the divested position.
Prior to 2025’s end, Nakamoto had already written down its Metaplanet holdings. Financial statements revealed an unrealized loss totaling $9.29 million when accounting for currency exchange impacts, bringing the adjusted carrying value to $20.7 million.
Bailey announced the corporation would terminate legacy healthcare business segments while prioritizing recent corporate acquisitions. He emphasized Nakamoto’s strategic focus on consolidating BTC Inc and UTXO Management within its primary operational framework.
Nakamoto’s stock valuation has experienced dramatic deterioration recently, plunging 40% year-to-date. Over a six-month period, the equity has collapsed approximately 80%, based on Yahoo! Finance tracking data. Current trading positioned shares near $0.21, substantially below the mid-2025 peak above $30.
In December 2025, while operating under the KindlyMD corporate identity, Nasdaq issued a deficiency notification concerning share pricing. The exchange referenced non-compliance with the mandatory $1 minimum bid price threshold maintained for 30 consecutive trading sessions. Nasdaq provided a six-month remediation period to restore compliance or potentially face delisting procedures.
