Overview

• Through subsidiary Nakamoto Holdings, the company acquired 5,743.91 BTC for about $679 million at a weighted average price of $118,204.88 per coin.
• Total holdings now stand at 5,764.91 BTC, which BitcoinTreasuries data cited by the company suggests ranks around 16th among corporate holders.
• The deployment taps the merger’s $540 million PIPE financing, and the firm has closed a $200 million convertible note intended for additional Bitcoin purchases.
• CEO David Bailey reaffirmed a long-term goal to accumulate one million bitcoins under the Nakamoto Bitcoin Treasury initiative.
• NAKA shares rose about 4% in pre-market trading after the announcement, following a roughly 12% decline reported the prior session.