Nakamoto Sells More Bitcoin (BTC) - U.Today

As per its latest quarterly financials, David Bailey's Bitcoin treasury firm Nakamoto Inc. (NASDAQ: NAKA) has sold an additional 184 BTC from its Bitcoin stash.

Nakamoto Inc., a firm that built its corporate strategy around Bitcoin, held a total of 4,283 BTC as of Sept. 30. The figure is down from 4,467 BTC at the end of June.

Bitcoin Treasuries data shows that Nakamoto Inc. sold 184 BTC in the third quarter of 2026. The firm now has a total of 4,283 BTC in its Bitcoin stash. Nakamoto currently sits in 21st place on the Bitcoin 100 corporate treasury rankings.

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The recent company filing indicates that Nakamoto Inc. generated around $13.2 million in proceeds from digital asset sales in the third quarter. However, the filing does not appear to specify whether the 184 BTC were sold in a single transaction.

Nakamoto currently holds approximately $357.9 million worth of Bitcoin despite selling more BTC in the latest period.

Nakamoto's previous BTC sales

This is not the first time in 2026 that David Bailey's firm has reduced its Bitcoin stash.

In March, Nakamoto Inc. sold around 284 BTC worth $20 million to meet working capital needs and fund operations following its acquisitions of BTC Inc. and UTXO Management.

Nakamoto sold its BTC at an average price of around $70,422 per Bitcoin. That was far less than its original Bitcoin purchase price.

In the first quarter, Nakamoto Inc. also received a premium of around 43 BTC from its derivatives strategies before selling around 40 BTC.

Nakamoto Inc. also sold a large chunk of Bitcoin in June.

The company sold around 600 BTC for 35.6 million USDT, as per the company's second-quarter financials.

Combined with proceeds from certain Bitcoin derivative positions, the company generated around $48 million from those transactions.

Nakamoto Inc. used $45 million of that sum to partially repay its Bitcoin-backed loan from cryptocurrency exchange Kraken, reducing its principal amount from 210 million USDT to 165 million USDT.

Nakamoto under mounting financial pressure

The recent Bitcoin sell-off comes as Nakamoto continues working to meet its substantial debt obligations while expanding its business operations.

It had roughly 3,030 BTC pledged as collateral for debt as of Sept. 30. That left 1,253 BTC unpledged.

On Nov. 11, Nakamoto Inc. extended the maturity of a 60 million USDT loan from Kraken by one year. The company moved the loan maturity date from December 2026 to December 2027. Nakamoto currently has no remaining principal maturities in 2026.

Nakamoto's previous BTC sales

Nakamoto under mounting financial pressure

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