Nakamoto Firm Sells $20 Million in BTC at 40% Loss for Business Reinvestment
Nakamoto Firm Sells $20 Million in BTC at 40% Loss for Business Reinvestment
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Nakamoto, a firm specializing in Bitcoin treasury management, has announced the sale of $20 million worth of BTC, incurring a significant 40% loss. The company stated that the proceeds from this sale are earmarked for investment in its core business operations and to boost working capital, following a series of recent mergers.
The company said it plans to use the proceeds to invest in its core businesses and replenish working capital following recent mergers.