Nakamoto Inc. (NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization
Bitcoin Magazine Nakamoto Inc.
(NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization Nakamoto (NASDAQ: NAKA) sold roughly 600 Bitcoin and related derivatives for $48 million to retire $45 million of debt, refinanced its remaining Kraken loan at a lower interest rate with extended maturities, authorized a $25 million share buyback program, and retained 4,467 BTC on its balance sheet.
This post Nakamoto Inc. (NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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