Corporate Bitcoin treasury strategies diverge: Nakamoto reduces positions to cut losses, Strategy remains on hold

ME News, on April 3 (UTC+8), Bitcoin treasury companies are heading down two different paths amid ongoing market pressure: Strategy is keeping its large BTC reserves unchanged, while Nakamoto Holdings is selling bitcoin at a loss to rebalance its balance sheet. Nakamoto Holdings sold about 284 bitcoins this March (at roughly $70.4k per coin), below historical cost, for total cashing out of about $20 million, to be used for working capital and acquisition-related investments. The company’s BTC holdings have been reduced to just over 5,000 coins, along with trimming its stake in the Japanese company Metaplanet, reflecting how digital-asset treasury firms are restructuring assets under pressure. By contrast, Strategy has paused purchases, but still holds about 762,000 BTC, continuing to maintain its position as the largest corporate bitcoin holder, showing that some firms still treat BTC as a long-term reserve asset. In addition, the proposed issuance of bitcoin-backed municipal bonds in New Hampshire has received a Moody’s Ba2 speculative-grade rating and is expected to raise $100 million for public infrastructure construction, becoming an attempt to combine digital assets with public financing. Digital-asset manager CoinShares, meanwhile, merged with SPAC Vine Hill Capital and then listed on Nasdaq, giving retail-market investors access to crypto-asset products and infrastructure, further advancing the development of U.S.-listed markets for crypto firms. (Source: ODAILY)