{"id":8035,"date":"2026-04-02T07:39:56","date_gmt":"2026-04-02T07:39:56","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8035"},"modified":"2026-04-02T07:39:56","modified_gmt":"2026-04-02T07:39:56","slug":"bitcoin-treasury-sell-off-sparks-fears-of-crypto-contagion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8035","title":{"rendered":"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion"},"content":{"rendered":"

<\/p>\n

\n
\n
\n
    \n
  • Nakamoto Holdings (NAKA) sold 284 BTC in March 2026 for ~US$20M realising a ~40% loss against its average acquisition cost of US$118,171 per coin.<\/span><\/li>\n
  • MARA Holdings separately sold over 15,133 BTC worth more than US$1B in March to retire convertible debt, with MARA and Riot Platforms each declining double-digits on March 19 as BTC fell below US$72,000.<\/span><\/li>\n
  • Analysts warn of a self-reinforcing cycle in which falling Bitcoin prices pressure Digital Asset Treasury firms into selling, which in turn deepens BTC\u2019s decline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Nakamoto Holdings\u2019 sale of Bitcoin at a steep loss in March 2026 has intensified scrutiny of the Digital Asset Treasury (DAT) model, as declining prices pressure balance sheets across firms holding large BTC reserves.<\/p>\n

    The company sold 284 BTC for about US$20M (AU$29M), at an average price of US$70,422 (AU$102,112) per coin, according to its SEC Form 10-K filing. Compared with its average acquisition cost of US$118,171 (AU$171,348), the transaction locked in a loss of roughly 40% per BTC.\u00a0<\/p>\n

    Proceeds were allocated to operating reserves, strategic initiatives, integration efforts, and interest payments tied to a Kraken loan.<\/p>\n

    The sale accounted for about 5.3% of Nakamoto\u2019s 5,342 BTC treasury at the end of 2025, which had a book value of US$467.5M (AU$677.88M). That position had previously peaked at US$711M (AU$1.03B) in October 2025 when Bitcoin traded near US$126,000.\u00a0<\/p>\n

    Related: Analysts Say Crypto \u201cClarity Act\u201d Faces Long Odds as Senate Momentum Fades<\/strong><\/p>\n

    Bitcoin Closes Q1 in Extreme Fear<\/h2>\n

    Selling pressure is gripping the entire market, and MARA Holdings reported selling 15,133 BTC worth more than US$1B (AU$1.45B) in March to retire convertible debt.\u00a0<\/p>\n

    The move was described as tactical, but coincided with market declines, with MARA shares falling 11% and Riot Platforms dropping 14% on March 19, when Bitcoin slipped below US$72,000.<\/p>\n

    Mining costs average around US$89,000 per BTC, above current spot levels. Strategy holds 761,068 BTC at an average cost of US$75,696 (AU$109,759), leaving its position below cost basis.\u00a0<\/p>\n

    The company reported an unrealised loss of about US$17.4B (AU$25.29B) and carried more than US$8.2B (AU$11.89B) in debt, while its net asset value premium narrowed sharply in March.<\/p>\n

    Read more: Bitcoin Stress Spikes as Nearly Half of Supply Falls Into Loss<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Digital Asset,MARA Holdings#Bitcoin #Treasury #SellOff #Sparks #Fears #Crypto #Contagion1775115596<\/p>\n","protected":false},"excerpt":{"rendered":"

    Nakamoto Holdings (NAKA) sold 284 BTC in March 2026 for ~US$20M realising a ~40% loss against its average acquisition cost of US$118,171 per coin. MARA Holdings separately sold over 15,133 BTC worth more than US$1B in March to retire convertible debt, with MARA and Riot Platforms each declining double-digits on March 19 as BTC fell<\/p>\n","protected":false},"author":1,"featured_media":8036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,2040,62,1679,958,2138,585],"class_list":{"0":"post-8035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-contagion","10":"tag-crypto","11":"tag-fears","12":"tag-selloff","13":"tag-sparks","14":"tag-treasury"},"yoast_head":"\nBitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8035\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion\" \/>\n<meta property=\"og:description\" content=\"Nakamoto Holdings (NAKA) sold 284 BTC in March 2026 for ~US$20M realising a ~40% loss against its average acquisition cost of US$118,171 per coin. MARA Holdings separately sold over 15,133 BTC worth more than US$1B in March to retire convertible debt, with MARA and Riot Platforms each declining double-digits on March 19 as BTC fell\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8035\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-02T07:39:56+00:00\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8035\",\"name\":\"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg\",\"datePublished\":\"2026-04-02T07:39:56+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=8035\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8035#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion - Crypto News: Latest Cryptocurrency News and Analysis","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=8035","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion","og_description":"Nakamoto Holdings (NAKA) sold 284 BTC in March 2026 for ~US$20M realising a ~40% loss against its average acquisition cost of US$118,171 per coin. MARA Holdings separately sold over 15,133 BTC worth more than US$1B in March to retire convertible debt, with MARA and Riot Platforms each declining double-digits on March 19 as BTC fell","og_url":"https:\/\/cryptonews.uk.com\/?p=8035","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-04-02T07:39:56+00:00","author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=8035","url":"https:\/\/cryptonews.uk.com\/?p=8035","name":"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg","datePublished":"2026-04-02T07:39:56+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=8035#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=8035"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=8035#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/bitcoin-sell-off.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=8035#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Treasury Sell-Off Sparks Fears of Crypto Contagion"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/8035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8035"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/8035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/8036"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}