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

ME News update, April 3 (UTC+8): Under ongoing market pressure, Bitcoin treasury firms are moving toward two different paths—Strategy is keeping its massive BTC reserves unchanged, while Nakamoto Holdings is selling Bitcoin at a loss to rebalance its balance sheet. Nakamoto Holdings sold about 284 Bitcoins in March this year (at about $70,400 per coin), below its historical cost, for total proceeds of about $20 million, which are intended for working capital and investments related to mergers and acquisitions. The company’s BTC holdings have fallen to just over 5,000 coins, along with a reduction in its equity stake in the Japanese company Metaplanet, reflecting a reshaping of digital-asset treasuries under pressure. By contrast, Strategy has paused buying, but still holds about 762,000 BTC, maintaining its position as the corporate largest Bitcoin holder, showing that some companies still view BTC as a long-term reserve asset. In addition, a proposed issue 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 development—becoming an attempt to combine digital assets with public finance. Digital asset management firm CoinShares, meanwhile, listed on Nasdaq after merging with SPAC Vine Hill Capital, providing public-market investors with opportunities to access crypto-asset products and infrastructure, further promoting the development of crypto companies in the U.S. listing market. (Source: ODAILY)