Nakamoto holds over 5,000 BTC, and the CEO invested nearly 1 million dollars to increase holdings by 191,448 shares

According to a report by businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced that Chairman and CEO David Bailey spent nearly $1 million to purchase 191,448 shares of the company's common stock in the open market from May 26 to May 28.

Nakamoto disclosed that it holds over 5,000 Bitcoins on its balance sheet, and as of now, David Bailey holds approximately 18.25% of the company's outstanding common stock.