Nasdaq-listed Nakamoto (NAKA) sold 284 BTC in March 2026 at a 40% realized loss

Nakamoto Inc., a Nasdaq-listed bitcoin treasury company trading as NAKA, reported selling 284 BTC in March 2026 for about $20 million to fund operating needs tied to recent acquisitions and near-term liquidity. The firm’s Form 10-K for the year ended Dec. 31, 2025 listed a weighted-average acquisition cost of about $118,171 per BTC, implying an estimated ~40% realized loss on the sale. After the transaction, Nakamoto said it still holds roughly 5,058 BTC in treasury.