Nakamoto Inc. announced a series of capital structure moves this week, including a $45 million debt reduction and a $25 million share repurchase authorization. The firm funded the repayment by selling roughly 600 Bitcoin and Bitcoin-related derivative positions, generating about $48 million in net proceeds. Shares of NAKA jumped 20% on the news.
Restructuring the books
The company entered a new loan term sheet under its Master Loan Agreement with Kraken, governing a remaining balance of 165 million USDT. Under the new terms, 60 million USDT matures on December 4, 2026, and 105 million USDT matures on June 30, 2027. The interest rate on the loan was reduced from 8.0% to 7.75% per annum, contingent on maintaining at least 2,000 Bitcoin as collateral with Bitwise Asset Management.
What the Bitcoin sale means
After the transaction, Nakamoto holds approximately 4,467 Bitcoin on its balance sheet — down from the roughly 5,067 it held before the sale. The company said the restructuring is expected to reduce annual financing costs by about $4 million. That's a meaningful saving for a firm that ended the first quarter with roughly 4,900 BTC on hand.
Shares pop, Nasdaq compliance
On June 9, Nakamoto regained compliance with Nasdaq's minimum $1.00 bid price requirement — a condition the exchange had flagged earlier this year. The timing of the buyback announcement, paired with the debt news, gave investors a reason to push the stock up 20% in early trading. The $25 million repurchase program is authorized through December 31, 2026.
Conflict of interest note
The announcement was published by Bitcoin Magazine, a subsidiary of Nakamoto Inc. That relationship introduces a potential conflict of interest — something readers should keep in mind when evaluating coverage of the company's financial maneuvers.
