Nakamoto Holdings sold 284 Bitcoin for $20 million in March to fund operations as digital asset treasuries face stress. The firm still holds 5,058 Bitcoin worth nearly $338 million, according to BitcoinTreasuries data. CoinShares analyst Satish Patel said some treasury companies have been forced to liquidate core holdings because they lack operational self-sufficiency. Metaplanet kept buying and now holds 5,075 Bitcoin bought for around $405 million.