Nakamoto Inc. recently sold 284 Bitcoin for $70,422 apiece, which is significantly lower than the average price of $118,171 they originally paid. Details of the sale have been disclosed in a filing with the Securities and Exchange Commission.
Nakamoto Inc., a company that holds Bitcoin, is facing questions after revealing it sold 284 BTC in March 2026 for approximately $20 million.
The company recently sold its coins for an average of $70,422 each, according to a financial report filed with the SEC on March 30th. This is significantly lower than the average price of $118,171 the company originally paid for them, and the sale has sparked considerable discussion within the cryptocurrency world.
Read also:
Bhutan Moves 123 BTC Again, Total Bitcoin Transfers Top $45M in Two Days
Nakamoto’s Bitcoin Sale Raises Red Flags Among Investors
Throughout 2025, the company, under the leadership of CEO David Bailey, acquired 5,342 Bitcoin. They secured $540 million in funding to make these purchases.
Money earned from the sale in March was used to build up a reserve of U.S. dollars. Nakamoto explains that this money is helping to fund current projects and cover the costs of running things.
Following the sale, Nakamoto still held 5,058 Bitcoin, but each coin resulted in a loss of about $47,749. This significant loss hasn’t been ignored, and critics have highlighted the company’s poor stock performance – shares are currently trading at just $0.23, a 99% drop from their peak in 2025.
Even with the recent criticism, I’ve been following Bailey’s plans for the future, and they seem pretty strategic. He’s committed to moving away from healthcare, increasing our overall revenue, and cautiously expanding our Bitcoin investments. It’s a clear vision for where he wants to take things.
However, the timing of the sale has left many observers questioning the firm’s treasury strategy.
David Bailey, a strong advocate for Bitcoin, recently sold $20 million worth of Bitcoin through his company, Nakamoto. The sale price was $70,422 per coin, which is significantly lower than the average price Nakamoto paid to acquire the Bitcoin – $118,171, according to a new filing with the Securities and Exchange Commission.
— Jacob King (@JacobKinge)
SEC Filing Details Nakamoto’s Growing Bitcoin Ecosystem
Beyond the controversial sale, the filing paints a broader picture of Nakamoto’s ambitions.
In February 2026, Nakamoto purchased both BTC Inc. and UTXO Management. These acquisitions allow Nakamoto to offer a complete range of services within the Bitcoin space.
This company works in media, investments, and infrastructure, and it’s much more than just a Bitcoin investor. The goal is to create value and generate income through various activities related to Bitcoin.
Still, the recent BTC sale complicates that narrative.
It seems contradictory to sell something at a loss while also claiming to be building a long-term investment. Investors are now waiting to see how company leaders explain this situation.
More on Bitcoin sales:
MARA Sells 15,133 BTC, Drops to #3 in Bitcoin Treasury Rankings
Bitcoin Market Pressure Compounds Nakamoto’s Challenges
The broader Bitcoin market adds more context to Nakamoto’s situation.
Bitcoin was trading at $66,223.91 as of today, according to CoinGecko. Over the last 24 hours, its price has fallen by 1.71%, and it’s down 7.14% over the past week.
Recently, large Bitcoin holders, often called “whales,” have been more active on the blockchain. Over the last week, one wallet—identified as 15oD9P—withdrew 1,635 BTC (approximately $110.7 million) from several major cryptocurrency exchanges like Bybit, Binance, and OKX.
A separate newly created wallet withdrew 450 BTC from FalconX just hours ago.
Whale activity is picking up
A cryptocurrency wallet, identified as 15oD9P, recently withdrew 1,635 Bitcoin (worth approximately $110.7 million) from four different exchanges: Bybit, Binance, Bullish, and OKX.
Just six hours ago, a new digital wallet (bc1q3a) quickly transferred 450 Bitcoin (worth $30.08 million) from FalconX.
Smart money is positioning …
— Wise Crypto (@WiseCrypto_)
As a researcher, I’m observing some significant shifts in how larger investors are behaving during this recent market downturn. It appears they’re adjusting their positions, but it’s still too early to tell if this means they’re buying the dip or preparing for further price declines. I’m continuing to monitor the situation closely to understand the implications of these moves.
Nakamoto believes this situation shows how difficult it is for companies holding Bitcoin to access cash when the market drops.
Read More
- Invincible Season 4 Episode 4 Release Date, Time, Where to Watch
- Beyond Accuracy: Gauging Trust in Human-AI Teams
- ‘Project Hail Mary’s Unexpected Post-Credits Scene Is Worth Sticking Around
- How Martin Clunes has been supported by TV power player wife Philippa Braithwaite and their anti-nepo baby daughter after escaping a ‘rotten marriage’
- Gold Rate Forecast
- Clash Royale Balance Changes March 2026 — All Buffs, Nerfs & Reworks
- CookieRun: OvenSmash coupon codes and how to use them (March 2026)
- We talked to ‘Bachelorette’ Taylor Frankie Paul. Then reality hit pause on her TV career
- eFootball 2026 is bringing the v5.3.1 update: What to expect and what’s coming
- Total Football free codes and how to redeem them (March 2026)
2026-03-31 13:59