Bitcoin treasury firm Nakamoto sold about 600 BTC ($48M) and related derivatives to reduce debt by $45 million, extended loan terms with Kraken, and authorized a $25 million share buyback.
The company is strengthening its balance sheet (positive), but the fact that it had to sell Bitcoin at a loss amid a market downturn reflects the broader bearish pressure on Bitcoin treasury firms.
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Last updated 12 Jun 2026