Nakamoto CEO Says 367 BTC Transfer Was Equity Investment, Not Sale

CEO David Bailey clarified the Bitcoin transfer was used for equity stakes in Metaplanet, Treasury, and Future, maintaining Nakamoto’s overall holdings value despite the balance change.

BTC

Summary

Nakamoto, a Nasdaq-listed Bitcoin treasury firm, transferred 367 BTC to fund equity investments in Metaplanet, Treasury, and Future. CEO David Bailey stated on X that this move does not represent a genuine Bitcoin sale, emphasizing that the balance sheet does not reflect the value of these equity positions. The company maintains its overall BTC holdings value despite the transaction.

Terms & Concepts
  • BTC: An abbreviation for Bitcoin, the first and most widely used cryptocurrency.
  • Equity Investment: The purchase of shares or ownership stakes in a company, as opposed to acquiring its products or assets.