Nakamoto sold 284 Bitcoin on the last day of March just to keep the lights on. 
That detail, buried in the company&#8217;s first-quarter financial results, tells 
the story of where one of the country&#8217;s Bitcoin treasury companies now stands. 
Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive 
Order A Company Running Low On Options? The Bitcoin accumulation strategy that 
once drove Nakamoto&#8217;s stock above $25 a share has given way to something far 
less glamorous — selling Bitcoin to cover operating costs. The company 
reported a net loss of $238 million for the first quarter of the year, with 
more than $102 million of that tied to a drop in the value of its Bitcoin 
holdings after the cryptocurrency fell 20% during the quarter. Revenue jumped 
500% quarter over quarter, but the losses swamped those gains. Nakamoto holds 
5,058 Bitcoin, making it the 20th largest corporate Bitcoin holder in the 
world, just behind ProCap Financial. Michael Saylor&#8217;s Strategy sits at the top 
of that list with more than 843,000 Bitcoin on its balance sheet — a gap that 
makes clear how far down the pecking order Nakamoto falls. Following 
Stockholder Approval, Nakamoto Announces 1-for-40 Reverse Stock Split to be 
Effective May 22, 2026 Read the full announcement here: 
https://t.co/AnqTXttIMQ — Nakamoto (@nakamoto) May 20, 2026 Racing The Clock 
On Nasdaq The company is now focused on a more immediate problem: staying 
listed on the Nasdaq. Last December, Nasdaq sent Nakamoto a warning after its 
stock price dropped below $1 for 30 straight trading days. The deadline to fix 
that is June 8, and the fix the company has chosen is a 1-for-40 reverse stock 
split, set to take effect Friday. The move was approved by shareholders at a 
special meeting earlier this month. Under the plan, every 40 shares get 
combined into one, shrinking the total share count from 696 million down to 
17.4 million. The stock closed at 16 cents Wednesday — down 7.5% for the day 
and more than 99% below where it traded a year ago. A reverse split does not 
change a company&#8217;s overall market value. It is a structural adjustment 
designed to push the price per share above a listing threshold. Related 
Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto 
Cycle? Consolidation Ahead For The Sector Nakamoto&#8217;s troubles are not unique. 
Reports indicate that crypto treasury companies broadly have been in a 
downturn since 2025, with many trading below the value of the assets on their 
books. Some have begun selling their Bitcoin holdings to pay down debt. One 
company, Genius Group, liquidated its entire 84 Bitcoin reserve in February 
for that purpose. Featured image from Unsplash, chart from TradingView

Nakamoto sold 284 Bitcoin on the last day of March just to keep the lights on. That detail, buried in the company&#8217;s first-quarter financial results, tells the story of where one of the country&#8217;s Bitcoin treasury companies now stands. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Company Running &#8230;

Bitcoin Treasury Company Nakamoto Takes Action To Prevent Stock Slide

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Bitcoin Treasury Company Nakamoto Takes Action To Prevent Stock Slide

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