Nakamoto sold 284 BTC for around $20 million in March, at an average price of roughly $70,400 per coin—about 20% below its previous valuation. The move reflects ongoing pressure as Bitcoin prices fluctuated below the company’s earlier cost basis.

Despite the sale, Nakamoto still holds over 5,000 BTC, signaling that it remains heavily exposed to Bitcoin. The company says the proceeds will be used to support operations and fund recent mergers, highlighting a shift toward liquidity management during uncertain market conditions.