#20 BTC Company🇺🇸United States

Nakamoto

Nakamoto is a Treasury Company that holds BTC and runs Bitcoin media, events, and asset management businesses, including Bitcoin Magazine and the Bitcoin Conference.

Treasury CompanyMediaNasdaq:NAKA
BTC holdings
4,467

$328.54M · as of Jun 30, 2026 · price as of Nov 11, 2026

Cost Basis
$528.22M

NgU 0.62× · as of Jun 30, 2026

Average cost / BTC
$118,249
Change since start of year
-875 BTC

-16.4%

Market Cap
$105.04M
Enterprise Value
$250.97M
mNAV
0.76×
Holdings per Share (BTC)
19,976.09 sats

Balance sheet values as of Jun 30, 2026: 10-Q · Aug 13, 20268-K · Aug 14, 2026

Asset holdings

Latest reported holdings for each asset. Cost Basis is the reported total cost. It can include fees and staking income. It does not give the date or price of each Purchase.

AssetHoldingsCost BasisAs ofSources
BTC4,467$528,217,000.00 USDJun 30, 2026

HoldingsBTC vs USD value

4,467 BTC

$329.65M USD value · as of 2026-11-10

  • BTC Holdings (left)
  • USD Value (right)

BTC Reserve

4,467 BTC

Average Cost $118,249 / BTC · 1 Purchase and 5 Sales since 2025-05-21

  • Holdings
  • Average Cost
  • Purchase (size = amount)
  • Sale (size = amount)

BTC historical holdings

DateChangeHoldingsCumulative costAverage CostSources
Jun 30, 202600%4,467$528.22M$118,249
Jun 11, 2026-597-11.79%4,467——
Jun 5, 2026Sale-600———
Mar 31, 2026-278-5.2%5,064$598.94M$118,273
Mar 31, 2026Sale-284———
Mar 31, 2026Sale-40———
Dec 31, 2025Unexplained Decrease: The Source reports lower holdings without a stated Sale-56-1.04%5,342$631.39M$118,194
Nov 12, 202500%5,398——
Oct 29, 2025Sale-55.65———
Sep 30, 2025-366.91-6.36%5,398$681.25M$126,204
Sep 30, 2025Sale-367———
Aug 20, 2025+5,743.91+27,351.95%5,764.91——
Jun 30, 202500%21$2.29M$109,028
May 21, 2025—21——
May 21, 2025Purchase+21———

Advanced metrics

DateBTC holdings Shares outstanding BTC per share Stock price Market Cap Financials
BalanceCost BasisValueBasicDilutedBasicDilutedBasicDilutedCashDebt
Jun 30, 20264,467$528.22M$261.88M17.9M22.4M0.00024960.0001998$3.95$70.69M$88.33M$19.07M$165M
Jun 11, 20264,467—$284.22M————$4.47————
Mar 31, 20265,064$598.94M$345.79M————$8.84————
Dec 31, 20255,342$631.39M$468.22M————$14.04————
Nov 12, 20255,398—$548.73M————$26.80————
Sep 30, 20255,398$681.25M$615.64M————$42.80————
Aug 20, 20255,764.91—$658.76M————$403.60————
Jun 30, 202521$2.29M$2.25M————$553.80————
May 21, 202521—$2.3M————$913.20————

— means no value was disclosed or derivable for that date.Stock prices are daily closes in USD at today's exchange rate.

BTC holdings comparison

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  5. #5MARA Holdings35,577 BTC
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  7. #7SpaceX18,712 BTC
  8. #8Coinbase Global17,864 BTC
  9. #9Trump Media & Technology Group14,139 BTC
  10. #10CleanSpark13,530 BTC
  11. #20Nakamoto4,467 BTC
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