Nakamoto, Inc., a Nashville-based Bitcoin treasury company and publisher of Bitcoin Magazine, announced Thursday that it sold approximately 600 Bitcoin and related derivative positions for $48 million in net proceeds. The funds were used to reduce outstanding debt by $45 million and refinance about $105 million USDT of principal, extending maturity to June 2027. The moves come amid a 21% drop in Bitcoin over the past month, with the price falling below $60,000 last week for the first time since 2024. The company's chief investment officer cited recent volatility as underscoring the need for a disciplined balance sheet. Following the transactions, Nakamoto holds about 4,467 Bitcoin valued at roughly $284 million. The company also authorized a $25 million share buyback program and regained Nasdaq compliance after a 1-for-40 reverse stock split in late May. NAKA shares rose 9.5% on the day but have fallen nearly 39% in the past month and over 68% year-to-date.

Key facts

• Nakamoto sold 600 BTC and derivatives for $48M to reduce debt by $45M.
• Refinanced $105M USDT principal, extending maturity to June 2027 at lower interest rate.
• Now holds ~4,467 BTC valued at $284M; authorized $25M share buyback.
• NAKA shares up 9.5% on the day, but down ~39% in the past month.
• Regained Nasdaq compliance after 1-for-40 reverse stock split in late May.

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