Nakamoto Holds Over 5,000 BTC, CEO Spends Nearly $1 Million to Acquire 191,448 Shares

Odaily reports that Nakamoto, a Nasdaq-listed bitcoin treasury company, announced that Chairman and CEO David Bailey purchased 191,448 shares of the company's common stock in the open market from May 26 to May 28, totaling nearly $1 million. Nakamoto disclosed that it holds over 5,000 bitcoins on its balance sheet, and as of now, David Bailey holds approximately 18.25% of the company's outstanding common stock. (Businesswire)