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Nakamoto reduces debt by $45 million and launches a stock buyback program

MeNews
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ME News Report, June 11 (UTC+8), Bitcoin treasury company Nakamoto announced the completion of a series of financial strategic adjustments, including reducing $45 million in debt, signing new loan terms (partially extending repayment deadlines to 2027 and adjusting interest rates), approving a maximum of $25 million stock buyback plan, and restoring Nasdaq compliance. Currently, the company holds 4,468 Bitcoin reserves. Nakamoto CEO David Bailey stated that these adjustments aim to strengthen the company's balance sheet and reduce financing costs. The company believes Nakamoto's current valuation is still severely undervalued. (Source: Foresight News)
BTC2.36%
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