---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-028223"
form_type: "8-K"
ticker: "NAKA"
cik: "0001946573"
company_name: "Nakamoto Inc."
filed_at: "2026-06-11T12:13:06+00:00"
generated_at: "2026-06-11T12:15:09.916385+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nakamoto reduces debt $45M, extends $105M to 2027, authorizes $25M buyback

## Summary
- Repaid $45M of Kraken loan with proceeds from sale of ~600 Bitcoin and derivatives, netting ~$48M.
- New loan term sheet: $165M USDT outstanding, with $105M extended to June 30, 2027; interest rate as low as 7.75%.
- Expected to reduce annual financing costs by ~$4 million; Bitcoin treasury stands at ~4,467 BTC.
- Board authorized $25M share repurchase program through Dec 31, 2026.
- Regained Nasdaq minimum bid price compliance on June 9, 2026; matter closed.

## SEC filing metadata
- accession: 0001493152-26-028223
- form_type: 8-K
- ticker: NAKA
- cik: 0001946573
- company_name: Nakamoto Inc.
- filed_at: 2026-06-11T12:13:06+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-028223
- JSON: https://secwatch.observer/filing/0001493152-26-028223.json
- Plain text: https://secwatch.observer/filing/0001493152-26-028223.txt

## Key facts
- Debt Financings
  Nakamoto Inc. incurred loan of principal amount of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 7.75% per annum maturing 105,000,000 USDT matures on June 30, 2027.
  - Instrument: loan
  - Principal: principal amount of 165,000,000 USDT
  - Counterparty: Payward Interactive, Inc., doing business as Kraken
  - Rate: 7.75% per annum
  - Maturity: 105,000,000 USDT matures on June 30, 2027
  - Event: incurrence
  source text: Pursuant to the June Term Sheet, the Borrower borrowed a fixed-term loan in a principal amount of 165,000,000 USDT (the " June Loan ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm
- Debt Financings
  Nakamoto Inc. amended loan of 165,000,000 USDT with Payward Interactive, Inc., doing business as Kraken at 8.00% per annum maturing 105,000,000 USDT matures on June 30, 2027.
  - Instrument: loan
  - Principal: 165,000,000 USDT
  - Counterparty: Payward Interactive, Inc., doing business as Kraken
  - Rate: 8.00% per annum
  - Maturity: 105,000,000 USDT matures on June 30, 2027
  - Event: amendment
  source text: net proceeds. On June 5, 2026, the Borrower applied $45 million of those net proceeds to reduce the outstanding principal amount of the Restructured Loan from 210,000,000 USDT to 165,000,000 USDT (the “ Partial Repayment ”). June Term Sheet under the Master Loan Agreement with Kraken Following the Partial Repayment, the Borrower and Kraken entered into a subsequent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1946573/000149315226028223/0001493152-26-028223-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.