Nakamoto raises $48 million from Bitcoin sales to repay $45 million debt while retaining 4,468 BTC in reserves.
Nasdaq-listed Bitcoin treasury firm Nakamoto sold 600 BTC and related derivatives, generating $48 million in net proceeds. The funds will repay $45 million of outstanding debt, reducing financial leverage.
The company previously held a larger Bitcoin position but maintains 4,468 BTC after the sale. Market consensus expected debt reduction amid recent volatility, though the scale of the liquidation exceeded some forecasts.
Nakamoto also authorized a $25 million share repurchase program, signaling confidence in its balance sheet recovery.