Nakamoto sells 600 BTC and derivatives to repay $45M debt, approves $25M buyback
Nakamoto •
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Promote with Leviathan NewsNakamoto says it sold roughly 600 BTC plus BTC-related derivative positions for about $48M in net proceeds, using the cash to pay down $45M of Kraken debt. The company still holds about 4,467 BTC, extended 105M USDT of principal to June 30, 2027, and says the refinancing could cut annual financing costs by about $4M. The board also authorized up to $25M in common stock buybacks after Nakamoto regained Nasdaq bid-price compliance.
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