Nakamoto holds over 5,000 BTC, CEO spends nearly $1 million to buy 191,448 shares

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