Key Highlights
- Nakamoto liquidated 284 Bitcoin during March, generating approximately $20 million at roughly $70,400 per coin.
- The transaction occurred at approximately 20% below the company’s year-end 2025 Bitcoin valuation.
- Bitcoin holdings decreased to approximately 5,058 BTC following the March liquidation.
- The company divested five million Metaplanet shares, receiving around $11.1 million while recording a loss.
- Initial Metaplanet acquisition involved eight million shares purchased at $3.75 per share, totaling roughly $30 million.
Nakamoto liquidated approximately $20 million in Bitcoin during March while simultaneously decreasing its Metaplanet position throughout the first quarter. The organization disclosed these transactions through recent regulatory documentation, detailing current asset positions. Additional disclosures revealed diminished share valuations and outlined intentions to phase out healthcare business segments.
Bitcoin Portfolio Shrinks Following March Liquidation Event
Nakamoto sold 284 Bitcoin during March, collecting approximately $20 million with each coin averaging around $70,400. The organization had previously assessed its Bitcoin at $87,519 per unit at 2025’s conclusion, suggesting the sale occurred at roughly 20% below that benchmark. Year-end records showed holdings of 1,625 BTC valued at $142.2 million under that assessment.
Following completion of the sale, Nakamoto disclosed aggregate holdings of approximately 5,058 BTC, representing a decline from the 5,342 BTC held at 2025’s close.
The organization explained, “We plan to use the proceeds to invest further in our businesses as well as replenish our working capital for costs associated with the recent Mergers.”
David Bailey serves as chairman of Nakamoto, directing the company’s approach as it incorporates BTC Inc and UTXO Management into operations.
The organization documented a $166.2 million deficit in 2025 stemming from fair value adjustments on cryptocurrency assets. Bitcoin price movements fell beneath Nakamoto’s average acquisition cost during that timeframe, resulting in a reported net deficit of $52.2 million for the fiscal year.
Metaplanet Divestment Compounds First Quarter Challenges
Nakamoto decreased its Metaplanet allocation during the opening quarter, liquidating five million shares for approximately $11.1 million. The organization had originally secured eight million shares at $3.75 per unit, representing a total investment of roughly $30 million. The disposal price of approximately $2.22 per share resulted in a realized loss on the divested position.
By 2025’s conclusion, Nakamoto had already adjusted the Metaplanet investment downward. Documentation showed an unrealized deficit of $9.29 million, incorporating foreign exchange impacts, with the carrying value reduced to $20.7 million.
Bailey announced the company would terminate its historical healthcare operations while prioritizing recent acquisitions. He indicated that Nakamoto would emphasize incorporating BTC Inc and UTXO Management into its primary operational framework.
Nakamoto’s equity value has experienced substantial deterioration in recent periods, declining 40% year-to-date. The stock has also decreased 80% throughout the preceding six months, per Yahoo! Finance tracking. Shares exchanged hands near $0.21 at the reporting moment, significantly beneath their mid-2025 maximum above $30.
During December 2025, while the entity still functioned as KindlyMD, Nasdaq delivered notification regarding its share valuation. The exchange referenced noncompliance with the $1 minimum bid threshold across 30 consecutive trading sessions. Nasdaq provided six months to restore compliance or potentially encounter delisting proceedings.
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