Nakamoto sells 600 Bitcoin to repay $45 million debt

Nasdaq-listed Bitcoin treasury company Nakamoto announces a series of strategic steps. The company sells approximately 600 Bitcoin, including related derivatives, generating net proceeds of around $48 million. Nakamoto uses that money to fully repay a $45 million debt.

Bitcoin is available at OKX and Bybit.

Debt Paid Off, Shares Repurchased

After the sale, Nakamoto still holds 4,468 Bitcoin in reserve, a significant position at the current price of $62.552, The debt repayment is accompanied by refinancing: the company enters into a new loan agreement with partially extended maturities and adjusted interest rates.

In addition to reducing debt, the board of directors also greenlit a share buyback programme of up to $25 million in common shares. Such buybacks are typically a sign that a company has confidence in its own valuation. This news fits into a broader trend of listed companies selling Bitcoin to repay debt.

Nasdaq Compliance Restored

A notable detail in the announcement is that Nakamoto states it has restored Nasdaq compliance. The company now meets the listing rules of the American technology exchange again, which previously may have been under pressure. This is a positive signal for shareholders and investors monitoring the listing.

These steps fit a strategy by which Nakamoto aims to strengthen its capital structure by lowering debt, improving financing terms, and returning value to shareholders. More details on the announcement can be found in the official update at nakamoto.com.