Nasdaq-listed Nakamoto sells $20M in BTC this year

Nasdaq-listed company Nakamoto (NAKA), which has been strategically accumulating Bitcoin, announced in an official press release on March 30 that it has sold approximately $20 million worth of BTC this year. Given the company's disclosed average purchase price of $118,171 per BTC and the recent sale price of $70,422, the transaction is estimated to have resulted in a loss of between $13 million and $14 million. Nakamoto stated the sale was aimed at securing U.S. dollar liquidity to strengthen its financial structure. The proceeds will be used to cover operating expenses, including short-term liquidity needs, strategic investments, and loan interest payments. Before the sale, Nakamoto held 5,342 BTC as of Dec. 31 of last year. Its current holdings are estimated to be between 5,050 and 5,100 BTC.