Nakamoto announced a series of strategic initiatives to strengthen its capital structure, reduce its debt and improve the company’s financial flexibility. The firm, listed on Nasdaq under the ticker NAKA, liquidated approximately 600 Bitcoin and BTC-linked derivative positions to cancel $45 million in debt with Payward Interactive, Inc., known as Kraken, generating nearly $48 million in net proceeds.
As part of the restructuring, Nakamoto agreed to new loan terms under its master agreement with Kraken governing an outstanding balance of 165 million USDT. Of that total, 60 million will mature on December 4, 2026, while the remaining 105 million were extended to June 30, 2027.
The new interest rate is set between 8.0% and 7.75% annually, contingent on Nakamoto maintaining a minimum of 2,000 Bitcoin in its account managed by Bitwise Asset Management. The transaction would reduce annual financing costs by approximately $4 million.
The board also authorized a share repurchase program of up to $25 million, valid through December 31, 2026. Repurchases may be carried out through open market purchases, privately negotiated transactions and other lawful mechanisms.
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