Bitcoin Treasury Company Nakamoto sells approximately 600 BTC and related derivative positions to repay $45 million in debt BlockBeats News: On June 11th, Bitcoin treasury company Nakamoto announced that it will strengthen its capital structure and financial flexibility through debt reduction, refinancing, and stock repurchase authorization. The company reduced its outstanding debt by approximately $45 million by liquidating some of its Bitcoin holdings and Bitcoin related derivative positions. The repayment funds came from the sale of approximately 600 BTC and Bitcoin related derivative positions, with a net profit of approximately $48 million. After the transaction is completed, the company still holds approximately 4467 BTC on its balance sheet. The company has also signed a new loan term sheet with Payward Interactive, a subsidiary of Kraken, extending approximately USD105 million in principal until June 30, 2027. The remaining outstanding balance is 165 million USDT, of which 60 million USDT will mature on December 4, 2026. In addition, the Nakamoto board of directors has authorized a stock repurchase plan of up to $25 million. The plan is valid until December 31, 2026, and the company can repurchase common shares through public market purchases, private negotiated transactions, block trades, and other methods. [Original link]