
"Nakamoto accumulated 5,342 BTC at a total cost of approximately $631.39 million, which was worth roughly $467.5 million at year-end 2025, resulting in a $166.2 million unrealized fair-value loss."
"After completing all-stock acquisitions of BTC Inc. and UTXO Management, Nakamoto holds approximately 5,058 bitcoin in treasury, focusing on disciplined and capital-efficient growth."
"David Bailey stated, 'We established a robust Bitcoin treasury, built a scalable capital strategy, and transitioned into a fully integrated Bitcoin operating business with the scale and infrastructure to drive sustained growth.'"
Nakamoto, a Bitcoin treasury firm, reported a weighted-average acquisition cost of $118,171 per bitcoin in its 2025 Form 10-K. The firm accumulated 5,342 BTC at a cost of $631.39 million, with a year-end market value of $467.5 million, resulting in a $166.2 million unrealized loss. In February 2026, Nakamoto acquired BTC Inc. and UTXO Management, enhancing its operations. The company aims to grow its Bitcoin holdings in a disciplined manner, having established a robust treasury and scalable capital strategy.
Read at news.bitcoin.com
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