Nakamoto bitcoin holdings
United StatesDavid Bailey's bitcoin holding company, which reached the market through a healthcare shell and has been selling coins to clear debt.
How much bitcoin does Nakamoto hold?
Nakamoto holds 4,467 BTC as of 2026-06-30, worth about $347.9M. That is rank 21 of the 165 public companies we track, and 0.02% of the 21 million bitcoin that will ever exist.
- Bitcoin held
- 4,467 BTC
- As of
- 2026-06-30
- Rank
- 21 of 165
- Value at current price
- $347.9M
- Market cap
- $126.4M
- mNAV
- 0.36x
- Share of 21 million
- 0.02%
- First purchase
- 2025-05-26
Market cap as of 2026-08-26, derived from share price and shares outstanding. mNAV is that figure divided by 4,467 BTC at $77,882.
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
We have one dated figure for Nakamoto so far, shown in the table below, and the table says where it came from. A chart needs at least two dated points, and we would rather show nothing than draw a trend through a single figure. This fills in as the company publishes, or as we backfill its earlier announcements.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-06-30 | Reported | 4,467 | Latest disclosed total holdings, after the company trimmed its position during the first half of 2026. | finance.yahoo.com |
Why does Nakamoto hold bitcoin?
Nakamoto is the vehicle of David Bailey, the Bitcoin Magazine publisher and conference organiser. It reached public markets in August 2025 by reverse merging into KindlyMD, a healthcare company, and took the Nakamoto name in January 2026. In February 2026 it acquired BTC Inc, the Bitcoin Magazine parent, and UTXO Management, giving it media and asset management operations alongside the treasury.
The holdings have moved in both directions. It sold 284 coins in March 2026 and roughly 600 more in June, in both cases to retire debt owed to Kraken. That is the recurring pattern among smaller treasury companies: coins bought with borrowed money become the source of repayment when financing tightens.
The result is a company that is part bitcoin holding, part media business, and worth understanding as both.
Frequently asked questions
Why has Nakamoto been selling bitcoin?
To repay borrowings from Kraken. It sold 284 coins in March 2026 and about 600 in June, which is the ordinary consequence of buying bitcoin with debt: when refinancing gets expensive, the collateral is what pays the loan back.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.