Wu Blockchain (@WuBlockchain): Nakamoto Sells 600 BTC to Repay $45 Million Debt
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Nakamoto Sells 600 BTC to Repay $45 Million Debt Nasdaq-listed Bitcoin treasury company Nakamoto announced that it sold approximately 600 BTC and related derivatives, generating net proceeds of around $48 million to repay $45 million of debt. The company currently still holds 4,468 BTC in reserve. In addition, the board has formally authorized a share repurchase program of up to $25 million in common stock.