Back

Nakamoto Holdings Sells 284 Bitcoin for About $20 Million as Strategy Keeps 762,000 BTC

Bitcoin treasury firms took different steps under market pressure, with Nakamoto Holdings trimming its position, Strategy maintaining 762,000 BTC, and related developments emerging in municipal finance and public listings.

BTC

Summary

Bitcoin treasury companies showed divergent responses to market pressure as Strategy continued to hold 762,000 BTC while Nakamoto Holdings sold 284 BTC for about $20 million at an average price of $70,400. The sale reduced Nakamoto Holdings’ Bitcoin position to just over 5,000 BTC as part of an asset restructuring. The update also noted that New Hampshire’s proposed $100 million Bitcoin-backed municipal bond received a Ba2 rating from Moody’s, and CoinShares listed on Nasdaq through a SPAC merger.

Terms & Concepts
  • Bitcoin-backed municipal bond: A municipal bond tied to Bitcoin-related exposure or collateral, linking public-sector borrowing with digital asset financial structures.
  • SPAC merger: A transaction in which a private company becomes publicly traded by combining with a special purpose acquisition company that is already listed.
  • Asset restructuring: A reorganization of a company’s holdings or liabilities that can include selling assets, such as Bitcoin, to change balance-sheet exposure.