US Edition
David Bailey’s NAKA Sells Roughly 5% of Its BTC Holdings
The sale came as the company reported a $52.2 million loss and said proceeds would support working capital after recent acquisitions.
- Nakamoto Holdings, the bitcoin treasury firm founded by crypto entrepreneur David Bailey, sold 284 BTC for $20 million in March at an average price of roughly $70,422 per coin.
- The Nashville-based company faces significant financial pressure, reporting a $52.2 million net loss for 2025 and carrying an 8% interest rate on a $210 million USDT loan from Kraken secured by its bitcoin holdings.
- That sale price sits 40% below the firm's weighted-average acquisition cost of $118,171 per bitcoin; management used proceeds to fund operations following February acquisitions of BTC Inc. and UTXO Management.
- Nakamoto stock closed Monday down 99% from its all-time high in May 2025, while non-Strategy buyers purchased 99% less bitcoin over the past 30 days compared to August 2025 peaks.
- Bailey stated the company will focus on integrating its two recent acquisitions and scaling operations, while planning to exit its legacy healthcare business, which generated $1.8 million in revenue last year.
14 Articles
14 Articles
David Bailey's Nakamoto Sells 284 Bitcoin at 40% Loss to Fund Operations
Nakamoto Holdings (Nasdaq: NAKA), the bitcoin treasury firm founded by crypto entrepreneur David Bailey, sold 284 BTC for $20 million in March at an average price of roughly $70,422 per coin, according to its annual filing released Monday. That sale price sits 40% below the company’s weighted-average acquisition cost of $118,171 per bitcoin, making it one of the most visible forced liquidations among corporate treasury holders this cycle. The Na…
Bitcoin Treasury Firm Nakamoto Implodes: 99% Stock Crash, June Delisting Deadline Loom
Nakamoto Holdings, a publicly traded Bitcoin‑treasury company that launched last August, is facing a deepening financial crisis after a dramatic stock collapse and a string of losses that have eroded investor confidence and raised the specter of delisting. In less than a year, the company’s market capitalization has plunged from a peak near $24 billion […]
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
