Nakamoto sells 600 BTC and derivatives to repay $45M debt

According to Huoxing Finance, on June 11, Bitcoin treasury company Nakamoto announced enhancements to its capital structure and financial flexibility through debt reduction, refinancing, and authorization of a share repurchase program. The company reduced its outstanding debt by approximately $45 million by liquidating a portion of its Bitcoin holdings and Bitcoin-related derivative positions, generating net proceeds of about $48 million from the sale of approximately 600 BTC and associated derivative positions. Following the transaction, Nakamoto continues to hold approximately 4,467 BTC on its balance sheet. Additionally, Nakamoto signed a new term sheet with Payward Interactive, a subsidiary of Kraken, to extend the maturity of approximately $105 million in principal to June 30, 2027. The remaining outstanding balance is $165 million, of which $60 million is due on December 4, 2026. Furthermore, Nakamoto’s board has authorized a share repurchase program of up to $25 million, valid until December 31, 2026. The company may repurchase common shares through open market purchases, privately negotiated transactions, or block trades.