Nakamoto sells 600 BTC to retire $45 million in debt

Nakamoto, a bitcoin treasury firm, said on June 11 it has strengthened its capital structure and increased financial flexibility through a combination of debt reduction, refinancing and a new share buyback authorization. The company paid down roughly $45 million of outstanding debt by selling part of its bitcoin holdings and closing bitcoin-related derivatives. It sold about 600 BTC and related derivative positions, generating net proceeds of approximately $48 million. After the transaction, Nakamoto reported holding around 4,467 BTC on its balance sheet. Nakamoto also signed a new term sheet with Payward Interactive, a Kraken subsidiary, to extend about $105 million of USDT principal to June 30, 2027. Total remaining debt stands at $165 million, including $60 million due on December 4, 2026. Separately, the board approved a share repurchase program of up to $25 million through December 31, 2026. The company may buy back common stock via open-market purchases, privately negotiated deals, block trades or other methods.