Nakamoto pays down $45M of crypto loan, regains Nasdaq compliance, approves $25M buyback

Filed June 11, 2026 · Period ending June 5, 2026 · ~1 min read

Key Changes

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  Nakamoto restructured its $210M USDT loan with Kraken, then immediately sold ~600 Bitcoin to pay down $45M, reducing principal to $165M secured by ~3,805 Bitcoin. Loan matures in two tranches: $60M in Dec 2026, $105M in Jun 2027.

  Item 1.01 view on EDGAR →
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  Company faces margin call risk if Bitcoin price falls below undisclosed thresholds. If collateral value hits liquidation level, Kraken can seize and sell the 3,805 Bitcoin backing the loan.

  Item 1.01 view on EDGAR →
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  Nasdaq confirmed Nakamoto regained compliance with $1+ minimum bid price requirement after 10 consecutive trading days above $1.00 through June 8, eliminating immediate delisting risk.

  Item 3.01 view on EDGAR →