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A notable development has occurred in the cryptocurrency market. An official statement from the “Nakamoto” company, reportedly linked to David Bailey, revealedA notable development has occurred in the cryptocurrency market. An official statement from the “Nakamoto” company, reportedly linked to David Bailey, revealed

JUST IN: Major Company That Bought Bitcoin at $118,000 Just Announced It Has Sold Bitcoin

Author: Bitcoinsistemi

Source: Bitcoinsistemi

2026/03/31 06:28

1 min read

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A notable development has occurred in the cryptocurrency market. An official statement from the “Nakamoto” company, reportedly linked to David Bailey, revealed that a significant amount of Bitcoin was sold in March 2026.

According to the announcement, the company sold approximately 284 Bitcoins for a total of $20 million. The average sale price was recorded at $70,422, which is noteworthy as it is significantly below the company’s average cost of $118,171.

According to the company’s previous financial data, as of December 31, 2025, it held approximately 1,625 free Bitcoins, with a total value of approximately $142.2 million. During the same period, it also had $22.6 million in cash and cash equivalents, and $20.7 million in publicly traded stock investments.

The statement said that the proceeds from the Bitcoin sale would be used to support the company’s operational activities, increase business investments, and cover costs related to recent mergers.

*This is not investment advice.

Continue Reading: JUST IN: Major Company That Bought Bitcoin at $118,000 Just Announced It Has Sold Bitcoin

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