Nakamoto has sold 600 Bitcoin (BTC) and derivatives positions to settle a $45 million debt owed on a loan requested by the Kraken exchange, the company reported yesterday, June 11, 2026. The sale resulted in a net gain of $48 million.
Through this movement, The company carried out financial debt reduction and strategic refinancing.. The institutional purpose of the sale was to “strengthen” the overall financial balance through the direct injection of liquid capital into the account, the company explained in a statement.
As part of the reorganization, the Board of Directors formalized a new long-term commercial loan agreement. This financial agreement extends the USDT stablecoin’s capital of 105 million until June 30, 2027.
This agreement actually gives you the possibility of reducing the annual interest rate on your credit to 7.75%. moreover, Provides greater operational flexibility in institutional assurance By using them directly in the trading portfolio of the company’s current Bitwise exchange.
Based on formal projections published by management, this structural change is expected to significantly reduce funding costs. Estimated annual savings of approximately $4 milliondetailed by the trade association’s economic spokesperson.
“We believe Nakamoto remains significantly undervalued. Our approach is simple: grow Bitcoin per share and manage our obligations carefully. “Today’s announcement achieves both objectives,” commented Nakamoto CEO David Bailey.
How did the market crash affect Nakamoto?
Mr. Nakamoto’s decision is within the deadline. Bitcoin price trending downward. The currency has fallen more than 41% over the past year and is currently trading at $63,341. Similarly, the current price represents a 49% decline from the previous trading high of $126,000 reached on October 5, 2025.
A decline in Bitcoin prices will have a direct impact on Nakamoto’s financial stability due to its business model and the structure of its accounting balance sheet.
To offset this impact, Nakamoto’s Board of Directors authorized a $25 million common stock repurchase. “This authorization provides the company with the necessary flexibility to periodically repurchase stock through a variety of methods, including open market purchases, private transactions, block operations, and other legal means,” according to an approval from the organization’s management.
Before the operation, the company held a total of 5,765 BTC. The transaction announced yesterday marks the fourth BTC sale conducted by the company. As reported by CriptoNoticias, he previously sold 367 BTC on November 20, 2025, liquidated 56 BTC on December 31 of the same year, and sold another 284 BTC from his account on March 30.
Currently, Mr. Nakamoto Occupies 22nd place on the list of listed companies in the world I have Bitcoin reserves. In terms of current funds, Gemini exchange platform with a net total of 4,619 BTC is directly surpassed in the international ranking.
Bitcoin Treasury reveals its vulnerability
When market prices decline significantly, a company’s Bitcoin accumulation strategy objectively indicates an operational failure. corporate financial model A decline in the value of reserve assets directly exposes companies to significant financial pressures. It dragged on.
This situation occurs when an organization’s core business does not generate the necessary cash flow to efficiently absorb accounting losses. The fragility of this model is reflected in the company’s stock price, which has fallen 70% in the last year, from $676 to $4. The chart below shows how the NAKA stock price has performed over the past 12 months.
Similar financial behavior has been recorded by other companies that have adopted the same Bitcoin financial strategy. For example, Sequans Communications confirmed on May 28 that it would use its Bitcoin holdings to completely write off convertible debt and begin a gradual abandonment of this financial model.
For investors, this change of course shows that the adoption of Bitcoin as a corporate reserve fund is far from certain. Companies are being forced to liquidate digital assets with unrealized losses to maintain basic operations, redefining the real risk of diversifying into digital assets on traditional balance sheets.
