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David Bailey’s Nakamoto eliminates $45M debt, authorizes $25M share repurchase as it regains Nasdaq compliance

David Bailey’s Nakamoto eliminates $45M debt, authorizes $25M share repurchase as it regains Nasdaq compliance

The Bitcoin-treasury company restructured its balance sheet, wiped out tens of millions in liabilities, and launched a buyback program to signal confidence in its own equity.

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By Editorial Team
Edited by Vivian Nguyen

Nakamoto, a Bitcoin-focused public holding company led by David Bailey, has strengthened its capital structure through debt reduction, refinancing, and a new share buyback authorization.

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According to a Thursday announcement, the company cut $45 million in debt by selling Bitcoin and derivatives, refinanced about 105 million USDT of principal to 2027, and reduced borrowing costs while improving collateral flexibility. These measures are expected to lower annual interest expenses by roughly $4 million.

Nakamoto also approved a $25 million share repurchase program and confirmed it had regained Nasdaq compliance. The company’s Bitcoin holdings stand at 4,467 BTC worth over $280 million, down from 5,058 BTC at the end of March.

Nakamoto’s stock climbed 12% shortly after the market opened, per Yahoo Finance.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BUSINESS

David Bailey’s Nakamoto eliminates $45M debt, authorizes $25M share repurchase as it regains Nasdaq compliance

David Bailey’s Nakamoto eliminates $45M debt, authorizes $25M share repurchase as it regains Nasdaq compliance

The Bitcoin-treasury company restructured its balance sheet, wiped out tens of millions in liabilities, and launched a buyback program to signal confidence in its own equity.

By Editorial Team
Edited by Vivian Nguyen

Share

Add us on Google

Nakamoto, a Bitcoin-focused public holding company led by David Bailey, has strengthened its capital structure through debt reduction, refinancing, and a new share buyback authorization.

Advertisement

According to a Thursday announcement, the company cut $45 million in debt by selling Bitcoin and derivatives, refinanced about 105 million USDT of principal to 2027, and reduced borrowing costs while improving collateral flexibility. These measures are expected to lower annual interest expenses by roughly $4 million.

Nakamoto also approved a $25 million share repurchase program and confirmed it had regained Nasdaq compliance. The company’s Bitcoin holdings stand at 4,467 BTC worth over $280 million, down from 5,058 BTC at the end of March.

Nakamoto’s stock climbed 12% shortly after the market opened, per Yahoo Finance.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.