Nakamoto Inc. Sells 600 Bitcoin, Cuts Debt by $45 Million and Lowers Interest Rate

Nakamoto Inc. (NAKA) sold ~600 Bitcoin for $48 million to retire $45 million in Kraken debt, refinanced its remaining loan at a lower 7.75% rate, and authorized a $25 million share buyback. Shares briefly climbed 20% on the news.

• Nakamoto sold ~600 BTC and related derivatives for $48 million to repay $45 million in debt, retaining 4,467 BTC on its balance sheet.
• The remaining 165 million USDT Kraken loan was refinanced: 60M due Dec 2026, 105M extended to June 2027, with rate cut from 8.0% to 7.75%.
• The company estimates the restructuring will reduce annual financing costs by approximately $4 million.
• Board authorized a $25 million share repurchase program through December 31, 2026.
• NAKA shares briefly climbed 20% on the announcement; the company also regained Nasdaq compliance on minimum bid price.

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Last updated 12 Jun 2026