Nakamoto Inc. (NASDAQ: NAKA) said it generated about $48 million in net proceeds by selling roughly 600 BTC and related derivatives positions, then used the cash to repay part of its loan with Kraken subsidiary Payward Interactive, Inc. The payment reduced outstanding debt by about $45 million, leaving the company with total remaining debt of 165 million USDT.
New loan terms push part of the maturity schedule into 2027
Under the updated financing terms, 60 million USDT will mature on December 4, 2026, while another 105 million USDT of principal has been extended to June 30, 2027. Nakamoto said the annual interest rate can drop from 8.0% to 7.75% if it keeps at least 2,000 BTC as collateral in a Bitwise managed account.
The company said the refinancing is expected to save around $4 million per year in interest financing costs. It also gives the firm more flexibility in how it manages pledged collateral. For a public company built around a bitcoin treasury strategy, those terms matter as much as the size of the holdings themselves.
Bitcoin holdings remain above 4,400 BTC after the sale
Even after monetizing part of its bitcoin position, Nakamoto said it still holds about 4,467 BTC. At the same time, its board authorized a 2026 common stock repurchase program of up to $25 million, with the program running through December 31, 2026.
The filing said repurchases may be carried out through open market purchases, private negotiations, or block trades, subject to compliance requirements. No detailed buying schedule was disclosed. Still, the decision puts debt restructuring and capital return in the same set of actions.
Nasdaq compliance restored as management stresses balance-sheet discipline
Nakamoto also said it received a letter from Nasdaq on June 9 confirming that its share price had regained compliance with the exchange's minimum $1 listing requirement, closing out the prior compliance matter.
Chief Investment Officer and Director Tyler Evans said recent bitcoin market volatility showed the importance of maintaining a disciplined balance sheet. In the company's statement, he said the refinancing and deleveraging moved most debt maturities out to 2027 and preserved more flexibility for Nakamoto's long-term bitcoin treasury strategy.