Nakamoto Cuts Debt by $45M, Sells 600 BTC, and Launches $25M Share Repurchase Plan
Nakamoto Inc., a Bitcoin-focused company known for managing a corporate BTC treasury, has completed a major balance sheet restructuring that included debt reduction, loan refinancing, and a new share repurchase initiative.
The company announced Thursday that it lowered its outstanding debt by approximately $45 million while extending the maturity of a significant portion of its obligations. To support the restructuring, Nakamoto liquidated roughly 600 Bitcoin along with associated derivative positions, generating around $48 million in net proceeds.
The refinancing effort comes during a challenging period for the cryptocurrency market. Bitcoin has experienced substantial price swings in recent weeks, falling sharply from record highs and testing investor confidence across the sector. Against this backdrop, Nakamoto said it prioritized improving financial flexibility and reducing risk.
According to the company, the revised financing arrangement extends approximately 105 million USDT of debt to June 2027. An additional 60 million USDT is scheduled to mature in December 2026. The agreement also introduces the potential for a reduced borrowing cost, with interest rates falling to as low as 7.75% annually if Nakamoto maintains at least 2,000 Bitcoin as collateral.
Management expects the updated loan terms to lower annual interest expenses by roughly $4 million, improving the company’s long-term financial position.
Tyler Evans, Nakamoto’s chief investment officer, said the refinancing strategy was designed to strengthen the company’s balance sheet amid heightened market uncertainty. He added that the measures reduce leverage, extend debt maturities, and provide greater flexibility for future operations.
Following the transactions, Nakamoto retains approximately 4,467 Bitcoin on its balance sheet, giving it one of the larger corporate BTC holdings in the market. Based on current prices, the treasury is valued at roughly $284 million.
In addition to the refinancing, Nakamoto’s board authorized a $25 million share buyback program, signaling confidence in the company’s long-term outlook despite recent weakness in its stock performance.
The company also revealed that it has regained compliance with Nasdaq’s minimum bid price requirement after previously falling below the exchange’s threshold. Compliance was restored following a reverse stock split completed in late May.
Investor sentiment appeared positive following the announcement, with Nakamoto shares rising more than 9% during Thursday’s trading session. However, the stock remains significantly lower compared with both its monthly performance and levels seen at the beginning of the year.