Nakamoto Inc., David Bailey’s Bitcoin treasury company, reduced its holdings from 4,467 BTC to 4,283 BTC as of September 30, marking the sale of 184 BTC during the third quarter of 2026. Its quarterly results reported approximately $13.2 million in additional proceeds from digital asset sales, although the filing does not identify the reduction as a single sale. In March, the company had already sold approximately 284 BTC for $20 million, followed by the sale of 600 BTC in June for 35.6 million USDT, which helped partially repay its Bitcoin-backed loan from Kraken. As of September 30, 3,030 BTC were pledged as collateral against its debt, while the remaining 1,253 BTC were valued at approximately $357.9 million. Despite reporting a net profit of $85.5 million for the third quarter, primarily due to the increase in the market value of its Bitcoin holdings, Nakamoto recorded an adjusted operating loss of $15.8 million, highlighting the financial pressure associated with its debt and reliance on Bitcoin appreciation.
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