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 companies are heading down 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. This March, Nakamoto Holdings sold about 284 bitcoins (at roughly $70.4k per unit), below its historical cost. The company raised a total of about $20 million in cash, which it used for working capital and merger-and-acquisition related investments. Its BTC holdings have fallen to more than 5,000 coins, and it has also trimmed its stake in the Japanese company Metaplanet, reflecting asset reshuffling by digital-asset treasury firms under pressure. By contrast, Strategy has paused purchases but still holds about 762,000 BTC, continuing to maintain its position as the corporate sector’s largest bitcoin holder—showing 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 speculative-grade Ba2 rating from Moody’s, and is expected to raise $100 million to fund public infrastructure, becoming an attempt to combine digital assets with public financing. Digital asset manager CoinShares, meanwhile, listed on Nasdaq after merging with SPAC Vine Hill Capital, giving retail-market investors an opportunity to access crypto asset products and infrastructure—further advancing the development of crypto companies in the U.S. listing market. (Source: ODAYIL)