Bought High, Sold Lower: Nakamoto Trims Bitcoin Holdings as Prices Slide

Bitcoin treasury firm Nakamoto reduced part of its Bitcoin holdings during the first quarter of the year, after selling approximately 284 BTC in March for about $20 million, as per the Form 10-K it filed on March 30. This implies an average sale price of roughly $70,422 per coin. Bought High, Sold Lower The transaction comes after a year of heavy accumulation following the launch of its Bitcoin strategy in August 202…