Bitcoin ($BTC) Treasury Company Nakamoto (NAKA) sold $BTC According to market analyst Nick Pucklin, losses could signal the beginning of an “epidemic” that could see more crypto treasury companies capitulate and trigger a wave of forced sales.
“We are starting to see cracks in the digital asset treasury (DAT) market,” Packlin said, adding that wars in the Middle East are likely to put further pressure on Bitcoin prices and treasury companies. he said:
“Prices may remain below $70,000 for some time and could fall further to around $55,700 to $58,200 in the coming weeks. This continued weakness could put further pressure on DAT, which could further exacerbate the selloff.”
Nakamoto sold 284 $BTC 20 million in March, meaning a price of about $70,000 per coin. The company also reduced its stake in publicly traded Bitcoin treasury company Metaplanet, selling the stock at a loss.
At the end of 2025, the company is worth 5,342 $BTC Treasury has $467.5 million in assets and recorded a $166.1 million loss on the fair value of its digital asset holdings in the fourth quarter, according to the company’s 10-K filing with the Securities and Exchange Commission.
The crypto treasury sector saw a collapse in the net asset value premium in Q3 2025, with stock prices declining even before the October 2025 crypto market crash, which triggered a prolonged bear market and decline in digital asset prices.
Related: Bitcoin miner offloads 15,000 $BTC Further sales are expected from October onwards.
MARA also sells $BTC Market crash continues in March
Bitcoin mining company MARA also sold 15,133 Bitcoins worth more than $1 billion in March and repurchased and repaid about $1 billion in convertible debt.
Robert Samuels, MARA’s vice president of investor relations, said the sale does not represent a core transformation of the company. $BTC Although this is a Treasury strategy, this is a short-term tactical move.
“Depending on market conditions and capital allocation priorities, we may buy or sell at any time. This does not mean we intend to liquidate a significant portion of our reserves,” Samuels said.
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