The fourth-quarter setback added to a turbulent inaugural year. Nakamoto raised more than $700 million to build a sizable Bitcoin reserve, purchasing the tokens at a reported weighted average price of $118,171. With Bitcoin changing hands near $66,693 on Tuesday—about 47 percent below its all-time high—the firm’s unrealized losses are estimated at approximately $275 million.
Despite the recent sale, Nakamoto closed 2025 holding 5,342 Bitcoin, valued at roughly $359 million at current market prices. The company’s end-of-year position reflected an unrealized decline of about $166 million on those coins, underscoring the magnitude of the broader market pullback. Updated figures were not provided in Tuesday’s statement.
Management maintains that its long-term strategy remains centered on the leading cryptocurrency. “We established a robust Bitcoin treasury, built a scalable capital strategy, and, with the acquisitions of BTC Inc and UTXO Management, transitioned into a fully integrated Bitcoin operating business,” Bailey said. Both acquisitions were completed in February 2026, adding a media and events division focused on the Bitcoin ecosystem and an asset-management arm offering public and private capital services. Each of the newly acquired companies was originally founded by Bailey.
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Chief Operating Officer Amanda Fabiano reiterated the company’s intention to pair operating income with “disciplined capital allocation” in order to pursue additional growth initiatives and, when conditions warrant, resume Bitcoin accumulation. She emphasized that near-term priorities include scaling revenue-generating activities and consolidating recently purchased businesses under a single corporate structure.
The rapid swing in Nakamoto’s share price mirrors the volatility of the underlying asset. Historical price information from the Federal Reserve Bank of St. Louis shows Bitcoin rising above $120,000 last autumn before sliding below $70,000 by late March. That decline has had an outsized impact on companies that hold significant token reserves on their balance sheets, including Nakamoto.
Nakamoto’s corporate journey began in January 2025, when the firm received a mandate to create a publicly traded enterprise built around a Bitcoin treasury. The objective moved forward in August 2025 through a merger with healthcare-technology company KindlyMD. Since then, the firm has focused on expanding its footprint within the cryptocurrency ecosystem, culminating in the February 2026 additions of BTC Inc and UTXO Management. Those purchases deepened Nakamoto’s exposure to Bitcoin-denominated revenue streams but also tied its financial results more closely to market fluctuations.
Tuesday’s fresh low in Nakamoto’s stock adds pressure as the company tries to balance near-term liquidity needs with its stated commitment to long-term Bitcoin ownership. Management did not outline further asset-sale plans but indicated that additional efforts to “strengthen the balance sheet” remain under review.
