Nakamoto reduced its debt by $45 million by selling approximately 600 BTC and launched a $25 million stock buyback program.
CoinFeed reported on June 11 that Nasdaq-listed Bitcoin operating company Nakamoto announced an optimization of its capital structure, generating approximately $48 million in net proceeds from the sale of about 600 BTC and related derivatives, which will be used to repay $45 million in debt. Following the transaction, the company still holds approximately 4,467 BTC. According to the announcement, the company has entered into a new loan agreement with Kraken, extending approximately 105 million USDT of debt to June 30, 2027, and reducing the loan interest rate to a minimum of 7.75%, which is expected to reduce financing costs by approximately $4 million annually. Simultaneously, the company's board of directors approved a share repurchase program of up to $25 million, valid until the end of 2026, to enhance shareholder returns. Nakamoto stated that it regained compliance with Nasdaq's minimum share price listing requirements on June 9.