Nakamoto sold around $20 million in Bitcoin and significantly reduced its Metaplanet stake in March 2026 alone.
The company sold around 284 units of BTC for a total of $20 million. The BTC is being sold for an average of around $70,400 per coin. This is significantly lower than the average per-share value of around $87,519 per BTC that the company held on its books as of the end of 2025. The company held around 1,625 units of BTC valued at around $142.2 million.
The company is selling the BTC for a 20% discount on its year-end numbers. The company’s BTC holdings are now around 5,058 units after the sale, compared to around 5,342 units of BTC held by the company as of the end of 2025.
Nakamoto, in its filing, offered an explanation for its decision.
Your completely free resource hub designed to boost your knowledge of cryptocurrencies
“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,” the company said.
The current emphasis is on investing in the company’s operations, not on holding on to every satoshi raised earlier.
Nakamoto also considered selling its Metaplanet stake at a loss, a decision that was not insignificant. The company had initially invested in eight million shares at $3.75 apiece, investing a total of around $30 million.
In the first quarter of 2026, Nakamoto sold five million shares for around $11.1 million, or around $2.22 a share. This sale of Metaplanet stake was after Nakamoto had marked down its investment in the company at the end of 2025, reporting an unrealized loss of $9.29 million, considering foreign exchange impact. The value of its investment had dropped to $20.7 million.
The decision to dispose of a large chunk of the Metaplanet stake can be viewed as part of a larger context of portfolio management. Nakamoto reported a significant $166.2 million loss in 2025 due to fair value adjustments in crypto assets as Bitcoin traded below the firm’s average cost of purchase. This resulted in a net loss of $52.2 million in 2025.
Nakamoto’s shares have been hammered by investors as a result of these events. The firm’s shares have declined by 40% year-to-date and 80% in the past six months.
As of late March 2026, Nakamoto’s shares were trading at $0.21 compared to a high of $30 in mid-2025. In December 2025, when KindlyMD, as the firm was then known, received a Nasdaq notice due to a fall in the firm’s bid price below $1 per share for 30 consecutive days, thus starting a six-month compliance period.
The forward plan was described by Chairman David Bailey in a statement. The plan is for Nakamoto to wind down its traditional healthcare operations and focus on integrating the acquisitions of BTC Inc. and UTXO Management.
The company is also shedding some of its earlier acquisitions, such as the Metaplanet stake, which may have been less successful for the company.
While the numbers may not look good on paper for investors, the company is using the proceeds for integration costs and working capital. The company is not losing its focus on the cryptocurrency space since it holds over 5,000 BTC.
The Metaplanet stake move also comes in an environment where Metaplanet itself has been aggressively accumulating more Bitcoin. The Japanese company continues to raise more capital and expand its treasury, but Nakamoto has apparently decided to cash in on its position, at least for now, rather than ride through more volatility.
Whether they will be successful in their decision will depend on how both companies’ strategies on Bitcoin evolve in the coming months.
In conclusion, Nakamoto’s recent sale of Bitcoin and move on Metaplanet Stake appears to be a move towards pragmatism, considering the realities of being a public company.
While the company continues to streamline its operations and absorb more assets, we will be keeping a close eye on how these developments affect its balance sheet and its confidence in its Bitcoin strategy.
