Treasury Qualification
Treasury classificationBitcoin Operating Company
Qualification tierCore Directory
Directory statusIncluded
Ownership statusCompany-owned Bitcoin. Of 5,064 BTC held at March 31, 2026, approximately 4,405 BTC was pledged as collateral under a USDT-denominated loan and 659 BTC was unencumbered.
Strategic intent
Nakamoto holds Bitcoin as a long-term treasury reserve while also using portions of its holdings in financing, collateral, hedging, and income-generating derivatives strategies. Its operating model also includes Bitcoin media, asset management, and advisory businesses.
Bitcoin Treasury
BTC counted in directory5,064 BTC
Estimated value$322,799,616BTC price retrieved: July 28, 2026 at 19:56 UTC
Holdings as ofMarch 31, 2026
Average purchase priceNot disclosed
Ownership and Restrictions
Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.
Total BTC reported5,064
Unencumbered / unrestricted659
Pledged as collateral4,405
Loaned to third parties0
Subsidiary-owned0
Other restricted / receivable0
Latest Financial Results
Reporting period: Three months ended March 31, 2026
Revenue$2,678,000
Operating income/loss$-126,170,000
Net income/loss$-238,776,000
Cash$35,300,000
Management
- Chief executive officer
- David Bailey
- Chief financial officer
- Teresa Gendron
- Executive chair
- David Bailey (Chairman and Chief Executive Officer)