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 Corp is heading toward two different paths: Strategy is keeping its massive BTC reserves unchanged, while Nakamoto Holdings is selling bitcoins at a loss to rebalance its balance sheet. In March this year, Nakamoto Holdings sold about 284 bitcoins (at roughly $70,400 per coin), below its historical cost, bringing in total proceeds of about $20 million, which it plans to use for working capital and M&A-related investments. The company’s BTC holdings have fallen to more than 5,000 coins, along with a reduction in its stake in Japanese company Metaplanet, reflecting how digital-asset treasuries 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 corporate largest bitcoin holder, indicating that some companies still treat BTC as a long-term reserve asset. In addition, a 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 to develop public infrastructure, becoming an attempt to combine digital assets with public financing.

Meanwhile, digital asset management firm CoinShares merged with SPAC Vine Hill Capital and listed on Nasdaq, giving retail-market investors an opportunity to access crypto-asset products and infrastructure, further promoting the growth of crypto companies in the U.S. listings market. (Source: ODAILY)