Nakamoto Raises $48M From Sale of About 600 BTC to Repay $45M Debt, Holds 4,467 BTC

Nakamoto said it generated about $48 million in net proceeds by selling around 600 bitcoins and related derivatives, using the funds to repay roughly $45 million owed to Kraken and cutting annual financing costs by about $4 million. It also signed a new term sheet for a $165 million USDT bridge loan and authorized up to $25 million in stock buybacks, while reporting 4,467 BTC on its balance sheet.