Nakamoto Inc. Reports Significant Loss on Bitcoin Sale
- Nakamoto Inc., trading under the ticker NAKA, sold 284 bitcoin for approximately $20 million.
- The sale resulted in a realized loss of about $13 to $14 million, equating to a roughly 40% loss.
- The company’s weighted-average acquisition cost was approximately $118,171 per bitcoin.
- Nakamoto completed all-stock acquisitions of BTC Inc. and UTXO Management in February, impacting cash reserves.
- Following the transaction, Nakamoto holds around 5,058 BTC in its treasury.
Nakamoto Inc.’s sale of bitcoin was primarily to cover operating expenses and integration costs from recent acquisitions. Despite the significant loss incurred from selling below the acquisition cost, the company remains committed to its long-term strategy of growing its bitcoin holdings.
This strategic move reflects Nakamoto’s focus on maintaining liquidity while managing operational demands following major acquisitions that expanded its business operations into revenue-generating areas.(Source )
