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

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.

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.