Nakamoto announced a series of strategic initiatives to strengthen its capital structure, reduce its debt and improve the company's financial flexibility. The firm, listed on Nasdaq under the ticker NAKA, liquidated approximately 600 Bitcoin and BTC-linked derivative positions to cancel $45 million in debt with Payward Interactive, Inc., known as Kraken, generating nearly $48 million in net proceeds.

Bitcoin Treasury Firm Nakamoto Sells 600 BTC to Pay Off Debt and Buy Back Shares