Nakamoto has sold 284 bitcoin, generating $20 million from the transaction. The sale works out to an average price of $70,422 per bitcoin. The move comes as the company’s stock has experienced a dramatic decline from its recent peak.
Nakamoto’s share price has fallen approximately 99% from its all-time high, which was reached in May 2025. The scale of that decline marks a significant reversal for the company within a relatively short period. The bitcoin sale represents one of the more notable financial actions taken by the company during this downturn.
The transaction highlights the ongoing volatility facing companies with significant cryptocurrency holdings. Selling at an average of $70,422 per coin, Nakamoto converted a portion of its bitcoin reserves into cash. The timing and motivation behind the decision have drawn attention given the broader context of the stock’s performance.
No further details regarding the intended use of the $20 million in proceeds have been provided in available reports. The company’s steep stock decline since May 2025 raises questions about its near-term financial strategy. Observers will likely watch closely for any additional asset sales or strategic announcements in the coming period.
Originally reported by CoinDesk.
