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

ME News update, April 3 (UTC+8). Under sustained market pressure, Bitcoin treasury companies are moving down two different paths: Strategy is keeping its large BTC reserves unchanged, while Nakamoto Holdings is selling Bitcoin at a loss to adjust its balance sheet. This year, Nakamoto Holdings sold about 284 Bitcoin in March (at roughly $70,400 per coin), which is below its historical cost; the company raised a total of about $20 million, which it plans to use for working capital and investments related to mergers and acquisitions. The company’s BTC holdings have been reduced to more than 5,000 coins, along with a reduction in its stake in the Japanese company Metaplanet, reflecting how digital-asset treasury firms are restructuring their assets under pressure. By contrast, Strategy has paused buying, but still holds about 762,000 BTC, maintaining its position as the largest corporate Bitcoin holder, showing that some companies still view 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 for public infrastructure construction—an attempt to combine digital assets with public financing. CoinShares, a digital asset management firm, also listed on Nasdaq after merging with the SPAC Vine Hill Capital, giving public-market investors an opportunity to access crypto-asset products and infrastructure, further advancing the development of crypto companies in the U.S. listed market. (Source: ODAILY)