Nakamoto Fuels 20% Surge for NAKA Stock With Latest Bitcoin Sale
Nasdaq-listed Nakamoto Inc. (NAKA) bought roughly 600 Bitcoin (BTC) and Bitcoin-related spinoff positions for round $48 million in internet proceeds, repaying $45 million of its Kraken mortgage on Thursday.
The Bitcoin working firm additionally prolonged most of its remaining debt to June 2027 and licensed a share repurchase program of as much as $25 million. It retains roughly 4,467 BTC after the transactions, with its inventory rising 20% on the information.
Nakamoto Sells Bitcoin to Repay Kraken and Extend Maturities
The compensation coated a part of Nakamoto’s mortgage with Payward Interactive, which operates as Kraken, in line with the corporate’s release.
A brand new time period sheet below the Master Loan Agreement now governs the remaining 165 million USDT steadiness, down from 210 million USDT.
Under the revised phrases, 60 million USDT matures on December 4, 2026. The remaining 105 million USDT runs to June 30, 2027. Moreover, the speed can drop from 8% to 7.75% if Nakamoto holds 2,000 BTC in collateral at Bitwise Asset Management.
The firm expects the modifications to chop annual financing prices by about $4 million. The deal additionally lands with Bitcoin trading near $62,992, down round 22% over the previous 30 days, per BeInCrypto Markets information.
“Today we strengthened Nakamoto’s steadiness sheet by lowering debt by $45 million, extending maturities into 2027, decreasing financing prices, and sustaining a treasury of 4,468 BTC. We imagine Nakamoto stays considerably undervalued. Our focus is easy: enhance Bitcoin per share and prudently handle our liabilities…” CEO David Bailey shared, framing the transactions as a step towards closing the hole between the inventory and its property.
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Bitcoin Treasury Firms Face a Deleveraging Wave
Nakamoto’s announcement got here someday after Fold’s own Bitcoin sale. That deal erased the funds agency’s secured debt totally, and its inventory climbed greater than 140%.
Fold bought at a median of $71,000 per coin, per its statement. Nakamoto, in distinction, nonetheless carries 165 million USDT in obligations to Kraken.
The strain extends throughout the sector. Bitcoin treasury stocks have fallen sharply this 12 months as BTC retreated from its October 2025 peak of $126,080.
Meanwhile, Genius Group liquidated its entire holdings to repay collectors.
Nakamoto itself beforehand sold 284 BTC in 2025 whereas reporting a $166.2 million fair-value loss on its holdings.
Its June 9 Nasdaq compliance adopted a 1-for-40 reverse split that lower shares excellent to roughly 17.4 million.
The buyback runs via December 31, 2026, although it obligates no purchases. The remaining treasury is value roughly $281 million at present costs, about 1.7 occasions the excellent mortgage.
Shareholders are already rewarding the partial deleveraging as they did Fold’s clear exit, with Nakamoto’s NAKA inventory leaping almost 20% on the information.
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