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

According to Businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced that Chairman and CEO David Bailey has spent nearly $1 million to increase his holdings by 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.