Nakamoto Offloads 600 BTC to Cover $45 Million Debt

Nakamoto, a Nasdaq-listed Bitcoin treasury company, has sold approximately 600 BTC along with related derivatives, raising about $48 million in net proceeds.

The company used $45 million of this amount to repay outstanding debt, while still maintaining a substantial reserve of 4,468 BTC after the transaction.

Alongside the debt repayment, the board has also approved a share repurchase program of up to $25 million in common stock, adding another layer to its capital allocation strategy.

Source: Nakamoto