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Nakamoto holds over 5,000 BTC, CEO spends nearly $1 million to increase holdings by 191,000 shares
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On May 31, according to Businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced that Chairman and CEO David Bailey purchased nearly $1 million worth of 191,448 ordinary shares of the company on the open market between May 26 and May 28. Nakamoto disclosed that it holds over 5,000 Bitcoins on its balance sheet. As of now, David Bailey collectively holds approximately 18.25% of the company's outstanding ordinary shares.