PANews reported on May 31 that, according to Businesswire, Nasdaq-listed Bitcoin treasury company Nakamoto announced that its Chairman and CEO, David Bailey, spent nearly $1 million on the open market to acquire 191,448 shares of the company's common stock between May 26 and May 28. Nakamoto disclosed that it now holds over 5,000 bitcoins on its balance sheet, and David Bailey currently holds approximately 18.25% of the company's outstanding common stock.