Nakamoto Sells 600 BTC to Cut $45M Debt, Authorizes $25M Share Buyback

BTC3.07%
Nakamoto Inc., a Nasdaq-listed Bitcoin treasury company and operator of Bitcoin Magazine, sold approximately 600 BTC generating $48 million in net proceeds on Thursday to reduce debt by $45 million and refinance existing obligations, while also authorizing a $25 million share buyback program. Under a new loan agreement with Kraken, 60 million USDT matures in December 2026 and 105 million USDT has been extended to June 2027, with the revised interest rate reduced to as low as 7.75% annually. Following the transactions, Nakamoto holds approximately 4,467 BTC valued at roughly $284 million.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments