Bitcoin treasury firms are now diverging: Strategy is holding firm while Nakamoto is selling at a loss.
CoinFeed reported on April 4th, citing Cointelegraph, that amid continued market pressure, Bitcoin treasury companies are diverging. Strategy has paused its buying but holds onto 762,000 BTC, maintaining its position as the largest corporate Bitcoin holder. Nakamoto Holdings, on the other hand, sold 284 BTC at a loss in March (at an average price of $70,400), raising $20 million for operations and acquisitions, reducing its holdings to around 5,000 BTC and reducing its stake in Metaplanet. Meanwhile, breakthroughs have occurred in crypto finance: New Hampshire's $100 million Bitcoin-backed municipal bonds received a Ba2 rating from Moody's and are intended for infrastructure projects. European asset management giant CoinShares listed on Nasdaq through a SPAC merger, expanding its public offerings of crypto assets.