{"id":70452,"date":"2026-03-31T11:15:54","date_gmt":"2026-03-31T11:15:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/david-baileys-nasdaq-listed-bitcoin-firm-nakamoto-sells-284-btc-below-cost-basis-crypto-news-bitcoin-news\/"},"modified":"2026-03-31T11:15:54","modified_gmt":"2026-03-31T11:15:54","slug":"david-baileys-nasdaq-listed-bitcoin-firm-nakamoto-sells-284-btc-below-cost-basis-crypto-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/david-baileys-nasdaq-listed-bitcoin-firm-nakamoto-sells-284-btc-below-cost-basis-crypto-news-bitcoin-news\/","title":{"rendered":"David Bailey\u2019s Nasdaq-Listed Bitcoin Firm Nakamoto Sells 284 BTC Below Cost Basis \u2013 Crypto News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<h2>Nakamoto Inc. 10-K Reveals 40% Realized Loss on March 2026 <span>BTC<\/span> Sale<\/h2>\n<p>The publicly traded <span>Bitcoin<\/span> treasury firm, which trades on Nasdaq under the ticker NAKA, disclosed details in its annual <a href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001946573\/000149315226013601\/form10-k.htm#Aa_002\" target=\"_blank\" rel=\"noopener noreferrer\">Form 10-K filing<\/a> for the fiscal year ended Dec. 31, 2025. The company reported a weighted-average acquisition cost of approximately $118,171 per <span>bitcoin<\/span>, providing context for how its holdings have been positioned relative to prevailing market prices.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/nakamotos-107-million-merger-deal-sparks-dilution-backlash\/\">Nakamoto<\/a> said capital was directed toward establishing a U.S. dollar operating reserve. The firm cited several specific uses: integration expenses tied to recent acquisitions, general operating costs, interest payments on a <a href=\"https:\/\/news.bitcoin.com\/krakens-tokenized-equities-platform-lists-vcxx-offering-exposure-to-spacex-openai-anthropic-and-more\/\">Kraken<\/a> loan, and working capital.<\/p>\n<figure id=\"attachment_802330\" aria-describedby=\"caption-attachment-802330\" style=\"width:1348px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-802330\" class=\"wp-caption-text\">X post from Nakamoto boss David Bailey last year.<\/figcaption><\/figure>\n<p>The company was formerly known as KindlyMD, a healthcare firm that pivoted to a <span>bitcoin<\/span> treasury strategy through a reverse merger in August 2025. Over that year, Nakamoto accumulated 5,342 <span>BTC<\/span> at a total cost of approximately $631.39 million.<\/p>\n<p>That position was worth roughly $467.5 million at year-end 2025, when <span>bitcoin<\/span> traded near $87,519. The difference between cost basis and market value resulted in a $166.2 million unrealized fair-value loss for the fiscal year.<\/p>\n<p>In February 2026, Nakamoto <a href=\"https:\/\/news.bitcoin.com\/nakamoto-inc-to-acquire-btc-inc-and-utxo-in-107m-all-stock-deal\/\">completed<\/a> all-stock acquisitions of <span>BTC<\/span> Inc., the operator of <span>Bitcoin<\/span> Magazine and The <span>Bitcoin<\/span> Conference, and <span>UTXO<\/span> Management, a bitcoin-focused investment firm. Both deals added revenue-generating operations while introducing integration costs that affected the firm\u2019s cash position.<\/p>\n<p>After these developments, the company holds approximately 5,058 <span>bitcoin<\/span> in treasury. Nakamoto said its approach <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260330533089\/en\/Nakamoto-Reports-Fourth-Quarter-and-Full-Year-2025-Results-Provides-Update-on-Bitcoin-Strategy\" target=\"_blank\" rel=\"noopener noreferrer\">remains focused<\/a> on growing holdings in what it described as a \u201cdisciplined and capital-efficient manner.\u201d<\/p>\n<p>\u201cOur first year was dedicated to assembling that engine. We established a robust <span>Bitcoin<\/span> treasury, built a scalable capital strategy, and, with the acquisitions of <span>BTC<\/span> Inc and <span>UTXO<\/span>, transitioned into a fully integrated <span>Bitcoin<\/span> operating business with the scale and infrastructure to drive sustained growth,\u201d <a href=\"https:\/\/x.com\/DavidFBailey\" target=\"_blank\" rel=\"noopener noreferrer\">David Bailey<\/a>, the Chief Executive Officer of Nakamoto, remarked.<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-NAKA\/\" target=\"_blank\" rel=\"noopener noreferrer\">NAKA shares<\/a> have fallen roughly 40% year-to-date as of late March 2026 and are down approximately 99% from their 2025 peaks. Dilution from the all-stock acquisitions, <span>bitcoin<\/span> price pressure, and a broader sell-off among treasury-model companies have weighed on the stock. On March 31, shares fell roughly 7% intraday to approximately $0.21 before recovering modestly in after-hours trading.<\/p>\n<p>The company is also winding down its legacy healthcare operations to focus on bitcoin-native businesses going forward.<\/p>\n<p>The broader context is relevant. Corporate <span>bitcoin<\/span> buying has <a href=\"https:\/\/news.bitcoin.com\/bitcoin-treasury-companies-pull-back-in-2026-as-strategy-accelerates-purchases-cryptoquant\/\">slowed<\/a> considerably from its 2025 pace, with <a href=\"https:\/\/news.bitcoin.com\/strc-gets-the-gigaslop-treatment-saylors-retirement-ad-backfires-in-real-time\/\">Strategy<\/a> accounting for the majority of institutional accumulation. This reflects a pattern among smaller treasury firms as they balance aggressive accumulation strategies with operational demands.<\/p>\n<p>Nakamoto built its position quickly, then encountered the costs that come with that pace. The <span>bitcoin<\/span> remains on the balance sheet, leaving the outcome tied to how effectively the company executes on the businesses built around it.<\/p>\n<h2>FAQ \ud83d\udd0e<\/h2>\n<ul>\n<li><strong>What did Nakamoto Inc. sell and why?<\/strong> Nakamoto sold 284 <span>bitcoin<\/span> for approximately $20 million to fund operating expenses, integration costs, and loan interest tied to its recent acquisitions.<\/li>\n<li><strong>How much did Nakamoto lose on the <span>bitcoin<\/span> sale?<\/strong> The company realized an estimated 40% loss \u2014 roughly $13 to $14 million \u2014 based on a weighted-average acquisition cost of approximately $118,171 per <span>BTC<\/span>.<\/li>\n<li><strong>Does this mean Nakamoto is abandoning its <span>bitcoin<\/span> strategy?<\/strong> No; the company stated the sale was a short-term <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> measure and that it remains committed to growing its <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> treasury over the long term.<\/li>\n<li><strong>How much <span>bitcoin<\/span> does Nakamoto hold after the sale?<\/strong> Nakamoto retains approximately 5,058 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> in treasury following the March 2026 transaction.<\/li>\n<\/ul>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/david-baileys-nasdaq-listed-bitcoin-firm-nakamoto-sells-284-btc-below-cost-basis\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Nakamoto Inc. 10-K Reveals 40% Realized Loss on March 2026 BTC Sale The publicly traded Bitcoin treasury firm, which trades on Nasdaq under the ticker NAKA, disclosed details in its annual Form 10-K filing for the fiscal year ended Dec. 31, 2025. The company reported a weighted-average acquisition [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":70453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70452"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70452"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70453"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}