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Nakamoto sells 600 Bitcoin to repay Kraken debt, adjusts balance sheet, and launches $25M share buyback.

Market News
11 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Nakamoto Inc. sold about 600 Bitcoin and related derivatives, generating $48 million to repay $45 million owed to Kraken. The company now holds 4,467 BTC and still owes $165 million in USDT debt to Kraken, with $105 million extended to June 2027 at a lower interest rate. Alongside these moves, Nakamoto initiated a $25 million share buyback program to support shareholder value and completed a 1-for-40 reverse stock split to maintain Nasdaq listing compliance. These actions aim to stabilize the company's balance sheet amid market volatility and ongoing lender negotiations.

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