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Home/News Feed/Nakamoto sells 600 Bitcoin to reduce debt and avoid Nasdaq delisting.

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Nakamoto sells 600 Bitcoin to reduce debt and avoid Nasdaq delisting.

Market News

11 Jun 2026

UToday

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Bearish

Nakamoto Inc. sold about 600 Bitcoin, raising $48 million to pay down debt to crypto exchange Kraken, but still owes $165 million USDT. The company extended part of its debt to June 2027 with a lower interest rate and initiated a $25 million share buyback. To remain listed on Nasdaq, Nakamoto executed a 1-for-40 reverse stock split. This move highlights the financial strain from its debt-driven Bitcoin strategy amid volatile market conditions.

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