Nakamoto disclosed that it sold 284 BTC in March of this year to establish operating reserves in US dollars.

PANews reported on March 31 that, according to Business Wire, Bitcoin treasury company Nakamoto Inc. released its financial results for the fourth quarter and full year of 2025, disclosing that it sold approximately 284 BTC in March 2026, raising approximately $20 million (an average selling price of approximately $70,422). The proceeds will be used to establish a dedicated US dollar operating reserve to cover short-term liquidity needs such as strategic integration activities and Kraken loan interest.

The financial report shows that the company's weighted average cost per Bitcoin was $118,171, while the market price of Bitcoin as of December 31, 2025, was only $87,519. The company recorded a loss of $166.2 million for the year due to changes in the fair value of digital assets. At the end of the year, the company held a total of 5,342 Bitcoins. The company stated that it still considers Bitcoin a long-term strategic reserve asset, and this sale is merely for short-term liquidity management, not a strategic shift.