Nakamoto Sold 600 BTC, Repaid 45M USDT, Faces 60M Due
Nakamoto sold approximately 600 Bitcoin to repay 45M USDT of debt, yet the Bitcoin treasury company still faces 60 million USDT due on December 4, 2026, according to a disclosure f...
Nakamoto sold approximately 600 Bitcoin to repay 45M USDT of debt, yet the Bitcoin treasury company still faces 60 million USDT due on December 4, 2026, according to a disclosure filed with U.S. regulators.
TL;DR KEYPOINTS
- The sale: Nakamoto sold about 600 BTC and related derivative positions.
- The repayment: Proceeds cut roughly $45 million of outstanding debt.
- What remains: 60 million USDT is still due on December 4, 2026.
What Nakamoto Did to Reduce Its Debt
On June 11, 2026, Nakamoto disclosed that it reduced outstanding debt by approximately $45 million, according to an SEC-filed Exhibit 99.1. For related coverage, see Lawsuit Claims Satoshi Nakamoto's Bitcoin Is Lost Property Worth Under $10 per Wallet.
The repayment was funded through the sale of roughly 600 Bitcoin and Bitcoin-related derivative positions, which generated approximately $48 million in net proceeds. The move continues a pattern of treasury firms trimming holdings to manage liabilities, echoing the first-quarter Bitcoin sales from Riot, MARA and Nakamoto. For related coverage, see Israeli Air Force Officer Charged Over Polymarket Bet.
Tyler Evans, Nakamoto’s chief investment officer, framed the transaction as disciplined balance-sheet management. “The recent volatility in Bitcoin markets reinforces the importance of maintaining a disciplined balance sheet,” Evans said in the company’s release.
Why 60M USDT Still Due Dec. 4 Matters
The paydown lowered the load but did not clear it. After the repayment, the remaining loan balance stood at 165 million USDT, with 60 million USDT due on December 4, 2026 and 105 million USDT extended to June 30, 2027.
The refinanced loan could trim the interest rate from 8.0% to 7.75% if Nakamoto maintains a 2,000 Bitcoin baseline collateral level in a Bitwise-managed account. The company said it kept approximately 4,467 Bitcoin after the debt reduction and refinancing.
The near-term wall looks sharper against later balance-sheet figures. As of June 30, 2026, Nakamoto reported cash and cash equivalents of $19.1 million, total debt of $164.7 million, and 4,467 Bitcoin worth about $261.5 million, its Q2 results show.
That leaves the December obligation far larger than cash on hand, meaning Nakamoto likely must lean on further asset sales or refinancing to meet it. Bitcoin traded near $62,736 with the Fear & Greed Index at 31, a “Fear” reading, when the treasury pressure is set against a soft market backdrop.
What Traders and Readers Should Watch Next
The key watchpoint is repayment progress before December 4, and whether Nakamoto funds the 60 million USDT from cash, new financing, or additional Bitcoin sales. Any further treasury drawdown would echo delisting-adjacent stress seen at other listed crypto firms, such as Greenlane’s Nasdaq compliance scare.
Nakamoto’s disclosure also noted a Nasdaq compliance letter dated June 9, 2026, adding a listing dimension to the debt timeline. Readers tracking the broader corporate-treasury trend can follow how Nakamoto’s UTXO Management subsidiary has expanded, including its move to join Stacks as an inaugural Bitcoin staking participant.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
Author
Akita Inu
Akita Inu covers fast-moving crypto market updates, exchange news, and token ecosystem developments for CoinLive, with a focus on concise source-led reporting.