Bitcoin Treasury Company Nakamoto has sold approximately 600 BTC and related derivative positions to repay a $45 million debt

On June 11, Bitcoin treasury firm Nakamoto announced it has bolstered its capital structure and financial flexibility through debt reduction, refinancing, and a stock buyback authorization. Through liquidating a portion of its Bitcoin holdings and Bitcoin-related derivative positions, the company cut its outstanding debt by roughly $45 million. The repayment funds came from selling approximately 600 BTC and associated derivatives, which yielded a net gain of around $48 million. Post-transaction, Nakamoto still holds roughly 4,467 BTC on its balance sheet. Separately, Nakamoto has signed a new loan term sheet with Payward Interactive—a subsidiary of Kraken—extending roughly $105 million in USDT principal, with the loan now maturing on June 30, 2027. Its remaining outstanding USDT balance stands at $165 million, $60 million of which is scheduled to mature on December 4, 2026. Additionally, Nakamoto’s board of directors has greenlit a $25 million stock buyback program, valid through December 31, 2026. The company may repurchase its common stock via open market purchases, private negotiated transactions, block trades, or other methods.