Nakamoto Holdings Sells 284 BTC for $20M, Holds 5,058 BTC Worth $338M
STRC sold 284 Bitcoin for $20 million in March at an average of $70,000 per coin, leaving holdings at 5,058 BTC worth about $338 million. Its mNAV trades at a steep discount with Bitcoin at $40,700 and its stock sits 95% below its May 2025 high despite two cash-flow acquisitions.
1. March Bitcoin Sale
Nakamoto Holdings sold 284 Bitcoin in March for $20 million, averaging $70,000 per coin to fund operations, reducing its total BTC holdings to 5,058 coins.
2. Current Holdings and Valuation
After the sale, the firm’s bitcoin portfolio is valued at approximately $338 million based on current pricing, while its mNAV ratio implies a steep discount driven by dilution risk and ongoing operational burn.
3. Cash-Flow Acquisitions
In February, the company acquired media outlet BTC Inc and hedge fund UTXO Management, aiming to diversify revenue streams and generate steady cash flows to support future Bitcoin accumulation.
4. Stock Performance
The company’s Nasdaq-listed shares have declined 95% since their May 2025 peak, trading down 3% on Thursday, reflecting investor concerns over share dilution and the recent forced sale.