Nakamoto Sells 284 BTC & Cuts Metaplanet Stake: A Wild Ride Downhill

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Ah, Nakamoto, the company formerly known as KindlyMD-because who wouldn’t want a name that sounds like a medical practice-has decided to pare back its crypto exposure with all the grace of a cow on ice. In March, they sold off $20 million worth of Bitcoin, which, as we know, is exactly what you do when you’ve got more money than you know what to do with… or maybe they just needed to buy a new boat. Whatever the reason, they’ve reduced their stake in Metaplanet, too, at a stunning loss, all while trying to “restructure” themselves into a brighter future-assuming they can figure out what that even looks like.

  • Nakamoto, in a brave and bold move, sold 284 BTC for around $20 million, at a 20% loss from its high-flying valuation at the end of 2025.
  • They also slashed their Metaplanet stake, unloading five million shares at a bargain price, cementing their losses on an investment that probably shouldn’t have been made in the first place.

The company’s most recent filing reveals that Nakamoto parted with 284 BTC for approximately $20 million, which means the average price they got per coin was around $70,400. For those keeping track, that’s a solid 20% below the magic number of $87,519 they once dreamed their Bitcoin could fetch by the end of 2025. Someone forgot to check the market, it seems.

“We plan to use the proceeds to invest further in our businesses, because obviously, that’s what you do when your last gamble goes sideways, and to refill the coffers for the recent Mergers,” the company said, with a straight face and fingers crossed behind their back.

But that wasn’t all! Nakamoto decided to trim its Metaplanet stake, which, for those of you who haven’t been following, was originally an eight million share purchase at $3.75 a pop, or around $30 million. Now, in a move that can only be described as “Oops,” they sold five million shares in Q1 for just $11.1 million, or an average of $2.22 per share. That’s right, folks-a hearty loss in the first quarter! Perhaps Metaplanet wasn’t the planet they thought it was going to be.

But don’t worry! Prior adjustments already reflected this wonderful financial disaster. By the end of 2025, Nakamoto had an unrealized loss of $9.29 million, thanks to some delightful currency effects, reducing the value of their Metaplanet shares to a meager $20.7 million. So, at least they’re keeping track of their financial blunders. Progress!

The company also reported a whopping $166.2 million loss in its digital asset portfolio-because who doesn’t love losing that kind of money-thanks to Bitcoin trading well below its cost basis. The cherry on top? A net loss for 2025 totaling $52.2 million. Truly a banner year.

If all of this sounds like it’s the beginning of a glorious new chapter, you might be right. They’re winding down their healthcare business and focusing on Bitcoin-native operations, like BTC Inc. and UTXO Management, which might just save the day-or at least provide some mildly entertaining headlines.

And for those still paying attention: Nakamoto recently entered into an all-stock deal to acquire BTC Inc. and UTXO Management GP, LLC for a cool $107.3 million. Because if you can’t make money with your own assets, might as well merge with others who also seem to be having a “challenging” time.

Will Nakamoto’s Shares Ever Recover? Not Looking Great!

The burning question is whether these portfolio reductions and restructuring efforts will be enough to boost investor sentiment. After all, their shares are down 40% year-to-date, and a staggering 80% over the past six months, according to Yahoo Finance. At the time of writing, their stock was hovering around $0.21-far from the $30 glory days of mid-2025. Truly, a story of rise and fall, with a lot more fall than rise.

To add to the drama, a Nasdaq notice has given the company a six-month window to get its act together and bring its stock price back above $1-or face the dreaded delisting. Oh, what a thrill!

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2026-03-31 13:15