Corporate Bitcoin Treasury Divergence: Nakamoto Cuts Losses, Strategy Holds Steady

Odaily News: Corporate Bitcoin holders are diverging along two distinct paths under sustained market pressure: Strategy maintains its massive BTC reserves without selling, while Nakamoto Holdings is selling Bitcoin at a loss to restructure its balance sheet.

In March of this year, Nakamoto Holdings sold approximately 284 Bitcoins (at a price of around $70,400 each), which was below its historical cost, raising about $20 million in total. The proceeds are intended for operational funds and investments related to mergers and acquisitions. The company's BTC holdings have decreased to just over 5,000 coins, accompanied by a reduction in its equity stake in the Japanese company Metaplanet. This reflects the asset restructuring of a digital asset treasury company under pressure.

In contrast, while Strategy has paused its purchases, it still holds approximately 762,000 BTC, continuing to maintain its position as the largest corporate Bitcoin holder. This indicates that some companies still view BTC as a long-term reserve asset.

Furthermore, the state of New Hampshire's plan to issue municipal bonds backed by Bitcoin has received a Moody's Ba2 speculative-grade rating. The initiative aims to raise $100 million for public infrastructure construction, representing an attempt to integrate digital assets with public financing.

Digital asset management firm CoinShares, on the other hand, has listed on Nasdaq following a merger with SPAC Vine Hill Capital. This provides public market investors with access to crypto asset products and infrastructure, further advancing the development of crypto companies in the US public markets. (Cointelegraph)