Nakamoto sells $20 million in Bitcoin and cuts Metaplanet stake
David Bailey’s Nakamoto plans to wind down healthcare operations as it shifts focus to integrating BTC Inc and UTXO Management.
Nakamoto, the Bitcoin treasury company formerly known as KindlyMD, sold $20 million worth of Bitcoin in March and cut a large portion of its Metaplanet stake at a loss during the first quarter of the year.
The company, chaired by David Bailey, sold roughly 284 Bitcoin (BTC) for $20 million, implying an average price of about $70,400 per coin. At the end of 2025, Nakamoto valued its Bitcoin at $87,519 per coin, when it held 1,625 BTC worth $142.2 million, suggesting that the sale came at a 20% discount to its year-end valuation.
“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,” the company said in a filing.
