Nakamoto debt refinancing, BTC sale, and share buyback — Nakamoto Inc. sold about 600 BTC, generating approximately $48 million in net proceeds, and announced a $25 million share buyback program. The company reduced outstanding debt by $45 million and restructured loan maturities, moving 105 million USDT to June 2027 while 60 million USDT will mature in December 2026.
The revised terms lower the interest rate to as low as 7.75% if a 2,000-Bitcoin collateral floor is maintained and are expected to reduce annual interest expense by roughly $4 million.
The refinancing was executed under a new loan term sheet with Kraken and reduced Nakamoto Inc.’s outstanding debt by $45 million. Under the agreement, approximately 60 million USDT of principal will mature in December 2026, while roughly 105 million USDT of principal has been extended to June 2027. The term sheet therefore sets two separate maturity dates for the referenced principal amounts and records the specified reduction in outstanding debt.
The revised agreement reduces the interest rate to as low as 7.75% annually, contingent on maintaining a collateral floor of 2,000 Bitcoin, and the changes are expected to lower annual interest expense by roughly $4 million. The lower rate is conditioned on the collateral threshold identified in the term sheet and applies to the refinanced principal amounts described above. These provisions — the debt reduction, the maturity extensions, the conditional interest-rate decrease, and the estimated annual interest savings — comprise the principal elements disclosed in the refinancing agreement.
Nakamoto Inc. sold approximately 600 BTC and related derivative positions, generating about $48 million in net proceeds from those transactions, with the net proceeds figure reported alongside the sale. The company’s total Bitcoin holdings are approximately 4,467 BTC, valued at about $284 million, reflecting the reported aggregate holding and valuation. At the time of the report, Bitcoin was trading around $63,515 per coin, and the cryptocurrency had declined more than 21% over the last month. Bitcoin was down nearly 50% from its all-time high above $126,000 set last October. These reported figures include the net proceeds from the sale, the company’s total Bitcoin holdings and the market metrics for Bitcoin’s price and recent percentage declines.
Nakamoto Inc. conducted a 1-for-40 stock split in late May. On the day of the report, Nakamoto shares (NAKA) finished up more than 9.5% and closed at $4.47, which was the reported closing price for that trading session.
Nasdaq confirmed on June 9 that Nakamoto had regained compliance with the $1 bid price requirement, with the confirmation dated June 9. The company’s common shares trade under the ticker NAKA.
Nakamoto Inc. announced a $25 million share buyback program. The company operates a Bitcoin treasury and publishes Bitcoin Magazine as part of its corporate activities. Tyler Evans, Nakamoto’s chief investment officer, said the refinancing reduced overall debt, extended the majority of the company’s maturity profile into 2027, and improved the flexibility of its debt. Evans also described Kraken as a thoughtful and supportive financing partner in those statements.
The disclosed financial moves include the $25 million share buyback, the sale of Bitcoin and related derivative positions, and the refinanced debt agreement with Kraken. These items were the financial actions reported by the company in its disclosure.
