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The company Nakamoto, owned by former cryptocurrency advisor to U.S. President Donald Trump, David Bailey, has sold 284 bitcoins for $20 million. The transaction was executed at a price of $70,422 per coin, while the coins were originally purchased at a rate of $118,171.
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The company stated that the proceeds from the recent sale of the leading cryptocurrency will be allocated to support operational activities, reinvestment, and to meet working capital needs that arose from other recent transactions.
Representatives from Nakamoto assert that they continue to view bitcoin as a long-term strategic asset. Following the sale of 284 BTC in March, the company’s cryptocurrency reserves decreased to approximately 5,058 BTC, down from 5,342 coins at the end of 2025.
Concurrently, Nakamoto divested shares from another bitcoin holder, Metaplanet, also realizing a loss. Previously, the Trump advisor’s firm acquired 8 million shares at a price of $3.75 each (around $30 million), but from January to March, it sold 5 million shares for approximately $11.1 million — equating to $2.22 per share.
Amid capital challenges, the company announced a strategic shift and a withdrawal from the medical business inherited from its merger with KindlyMD. The acquired company had previously focused on outpatient services and digital healthcare solutions. This segment generated only $1.8 million in revenue for Bailey’s company in 2025, down from $2.7 million the previous year.
In February, Nakamoto completed acquisitions of BTC Inc — the publisher of Bitcoin Magazine and organizer of industry conferences — as well as UTXO Management, an investment firm involved with both public and private crypto projects. According to company head David Bailey, these areas will be pivotal for future growth.
Previously, the mining company MARA Holdings sold 15,133 bitcoins for $1.1 billion to settle debts related to zero-coupon convertible bonds.
