Nakamoto Inc. has reduced outstanding debt by approximately $45 million through Bitcoin-related asset sales and refinancing actions.
Summary
- Nakamoto sold about 600 Bitcoin and derivatives to reduce debt by $45M.
- The company retained 4,467 BTC and extended most debt maturity into 2027.
- Nakamoto approved a $25M buyback and regained Nasdaq bid price compliance.
The company also extended most of its remaining debt maturities into 2027 and lowered borrowing costs under revised loan terms. Alongside the balance sheet changes, Nakamoto authorized a $25 million share repurchase program and regained compliance with Nasdaq listing requirements.
Nakamoto reduces leverage through Bitcoin sale
Nakamoto funded debt repayment by selling approximately 600 Bitcoin and holding Bitcoin-related derivative positions. The transaction generated about $48 million in net proceeds and reduced borrowings owed to Payward Interactive, which operates Kraken. According to the company, the move forms part of a treasury strategy focused on liquidity and capital management.
The asset sale reduced Nakamoto’s Bitcoin holdings from 5,058 BTC reported at the end of March. Following the transaction, the company retained approximately 4,467 Bitcoin on its balance sheet. Based on company figures, the remaining Bitcoin treasury exceeds $280 million in value.
Chief Investment Officer Tyler Evans addressed the refinancing measures in a company statement. Evans said, “Recent Bitcoin volatility reinforces the importance of maintaining a disciplined balance sheet.” He added that the actions reduced debt, improved flexibility, and extended most debt maturities into 2027.
Kraken refinancing extends debt maturity profile
After completing the partial repayment, Nakamoto entered a revised loan arrangement under its Master Loan Agreement with Kraken. The new agreement covers the remaining 165 million USDT loan balance. Under the revised structure, 60 million USDT matures on December 4, 2026.
The company extended the remaining 105 million USDT principal to June 30, 2027. Nakamoto also secured the ability to lower its annual interest rate from 8.0% to 7.75%. The rate reduction depends on maintaining 2,000 Bitcoin as baseline collateral in a separately managed account.
Bitwise Asset Management oversees the collateral account tied to the financing arrangement. Nakamoto stated that the refinancing should reduce annual financing costs by approximately $4 million. The company also said the revised agreement provides additional flexibility through collateral held in its Bitwise trading wallet.
Share repurchase plan follows Nasdaq compliance update
Nakamoto’s Board of Directors approved a share repurchase authorization of up to $25 million. The program remains in effect through December 31, 2026, and covers outstanding common stock. The company may conduct repurchases through open market transactions, block trades, or privately negotiated purchases.
According to Nakamoto, repurchases may also occur through Rule 10b5-1 trading plans. The company said future purchases will depend on market conditions, liquidity levels, trading prices, and capital requirements. Management also retains authority to suspend, modify, or discontinue the program.
Separately, Nakamoto received a compliance update from Nasdaq Listing Qualifications. The company said Nasdaq sent a letter on June 9, 2026, confirming compliance with minimum bid price requirements. According to Nakamoto, Nasdaq closed the matter following the determination.
