David Bailey’s Nakamoto DAT under David Bailey sells $200 million worth of Bitcoin for $70,000, below cost.

BTC1,14%

Gate News bot message: According to the filing documents, David Bailey’s “Nakamoto” DAT sold $20 million worth of Bitcoin at a price of $70,422, which is below its average cost basis of $118,171. This sale indicates that the institution is operating at a loss on its Bitcoin investment.

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