Nakamoto, the Bitcoin treasury company formerly known as KindlyMD, sold $20 million worth of Bitcoin in March at a significant discount to its year-end valuation. The company also exited a large portion of its investment in Metaplanet at a loss. Nakamoto reported a substantial net loss for 2025 and plans to wind down its legacy healthcare operations while focusing on recent acquisitions.
Nakamoto sold approximately 284 Bitcoin for $20 million in March, according to a recent filing. This sale implied an average price of about $70,400 per coin, representing a 20% discount from its year-end valuation of $87,519 per Bitcoin.
The company stated in the filing that “We plan to use the proceeds to invest further in our businesses as well as replenish our working capital for costs associated with the recent Mergers.” Its Bitcoin holdings now stand at roughly 5,058 BTC.
Alongside the crypto sale, Nakamoto sold five million shares of Metaplanet for approximately $11.1 million. The company had originally acquired those shares for about $30 million, resulting in a significant loss on the investment.
Nakamoto reported a $166.2 million loss in 2025 tied to changes in the fair value of its crypto holdings. The company posted a net loss of $52.2 million for the full year.
In a statement, Chairman David Bailey said Nakamoto plans to wind down legacy healthcare operations. The focus will be on integrating recent acquisitions, including BTC Inc and UTXO Management.
Shares of Nakamoto have fallen sharply, down 40% year-to-date and 80% over the past six months according to data from Yahoo! Finance. The stock traded around $0.21, well below its mid-2025 peak above $30.
