Bitcoin treasury company Nakamoto announced a set of balance-sheet measures covering debt reduction, refinancing and a newly authorized share repurchase program. According to the company, it strengthened its capital structure and financial flexibility by monetizing part of its Bitcoin holdings as well as Bitcoin-related derivatives positions, reducing outstanding debt by approximately $45 million.
Sale of About 600 BTC Funded the Debt Reduction
Nakamoto said the repayment funds came from the sale of around 600 BTC and Bitcoin-related derivatives positions. The transactions generated approximately $48 million in net proceeds, which were used to lower the company’s outstanding debt. After the transactions were completed, the company still held about 4,467 BTC on its balance sheet.
The disclosure shows that Nakamoto did not fully exit its Bitcoin position. Instead, the company sold a portion of its BTC and related derivatives positions while retaining a remaining balance-sheet holding of about 4,467 BTC. The proceeds were directed toward cutting roughly $45 million in debt.
New Loan Terms Signed With Payward Interactive
Nakamoto also signed a new loan term sheet with Payward Interactive, a Kraken subsidiary. Under the new arrangement, approximately 105 million USDT in principal has been extended to June 30, 2027. The remaining outstanding balance stands at 165 million USDT, including 60 million USDT due on December 4, 2026.
In addition to the debt repayment and loan maturity adjustment, Nakamoto’s board authorized a share repurchase program of up to $25 million. The program remains effective until December 31, 2026. The company may repurchase common shares through open-market purchases, privately negotiated transactions, block trades and other methods.