Latest development4 months ago
Nakamoto Inc. Sells 600 BTC to Settle $48M Debt with Kraken
The company successfully extended debt maturities to 2027 while lowering borrowing costs through strategic asset sales and refinancing.
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Fold sold $45 million worth of Bitcoin (approximately 634 BTC) at an average price of $71,000 to repay debt and fund expansion. The company allocated $20 million to fully cancel its BTC-collateralized debt, while Nakamoto Inc. reduced its outstanding debt by $45 million through asset sales and refinancing. Additionally, the company extended most remaining debt maturities to 2027 and secured lower borrowing costs under revised loan terms.
The company successfully extended debt maturities to 2027 while lowering borrowing costs through strategic asset sales and refinancing.
Read the full storyFold liquidated 634 BTC at an average price of $71,000 to fully retire its collateralized debt and secure $25 million for platform development.
Fold liquidated $45 million of its Bitcoin treasury to clear outstanding debt and increase financial flexibility for future growth initiatives.