Differentiation of Enterprise Bitcoin Treasury: Nakamoto reduces holdings due to losses, Strategy remains unchanged Odaily Planet Daily News: Corporate Bitcoin holders are heading towards two different paths under sustained market pressure: Strategy keeps its huge BTC reserves unchanged, while Nakamoto Holdings sells Bitcoin at a loss to adjust its balance sheet. Nakamoto Holdings sold approximately 284 bitcoins (with a unit price of approximately $70400) in March this year, which is lower than historical costs, and cashed out a total of approximately $20 million for working capital and M&A related investments. The company's BTC holdings have dropped to over 5000, accompanied by a reduction in equity holdings in Japanese company Metaplanet, reflecting the asset restructuring of the digital asset treasury company under pressure. In contrast, Strategy has suspended buying but still holds around 762000 BTC, maintaining its position as the largest Bitcoin holder for the company, indicating that some companies still consider BTC as a long-term reserve asset. In addition, New Hampshire plans to issue Bitcoin backed municipal bonds, which have received a Ba2 speculative rating from Moody's and are expected to raise $100 million for public infrastructure construction, becoming an attempt to combine digital assets with public financing. CoinShares, a digital asset management company, went public on NASDAQ after merging with SPAC Vine Hill Capital, providing opportunities for public market investors to access cryptocurrency products and infrastructure, further promoting the development of cryptocurrency companies in the US listed market.