News linked to both this project and an event.
the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.
Bitcoin treasury company Nakamoto announced the completion of a series of financial strategic adjustments, including reducing $45 million in debt, entering into new loan terms (partially extending repayment deadlines to 2027 and adjusting interest rates), approving a share repurchase program of up to $25 million, regaining Nasdaq compliance eligibility, and currently holding 4,468 bitcoins in reserve.
Galaxy stated in March this year, the New York State Supreme Court quietly accepted a lawsuit seeking to confirm the ownership of over 3.7 million Bitcoin (worth approximately $274 billion) associated with 39,069 Bitcoin addresses. This includes addresses belonging to Bitcoin creator Satoshi Nakamoto (a total of 21,744 addresses holding 1.09 million Bitcoin, valued at $83.7 billion at current prices).The plaintiff is Noah Doe (a pseudonym) and two unnamed Wyoming limited liability companies. Noah Doe requests the New York State Supreme Court to declare, via a declaratory judgment action (New York Civil Practice Law and Rules Section 3001) under the New York State Abandoned Property Law (Personal Property Law Article 7-B), that they possess ownership of these dormant addresses.In short, they seek a ruling from a New York court that the Bitcoin belonging to founder Satoshi Nakamoto (along with many other lost Bitcoin addresses) constitutes abandoned property. They argue they are entitled to legal ownership by virtue of "finding" these cryptocurrencies. From June 30 to July 10, 2025, they sent "disclaimer notices" to each found address via OP_RETURN.However, even if they win the case entirely, they will ultimately only obtain a court declaration. They will not receive any private keys, nor will they be able to transfer any Bitcoin from these addresses. But Galaxy states that the true value of the New York ruling lies in its ability to act as a "cloud on title." If these Bitcoins ever appear on any regulated platform, plaintiff Noah Doe could use this document to file a claim with an exchange or custodian.
Arkham posted on X stating that Nakamoto purchased approximately $679 million worth of Bitcoin at an average price of about $118,000 per BTC and has held it long-term without selling—except for a sale of 284 BTC at roughly $70,000 per BTC three months ago, resulting in cumulative losses of approximately $224 million. It is thus far the worst-performing Bitcoin treasury company. Currently, the market value of Nakamoto’s Bitcoin holdings has declined by over 35%, and its stock price has plunged 99.4%, falling from $1,000 (post-split adjusted) to $5.60. Its actual peak stock price reached only around $30, subsequently dropping below $0.20, prompting a 1-for-40 reverse stock split to comply with Nasdaq listing requirements.
Bitcoin treasury company Nakamoto plans to implement a 1:40 reverse stock split to push its share price back above $1, thereby meeting Nasdaq listing compliance requirements.According to the plan, the company's outstanding shares will be reduced from approximately 696.1 million to about 17.4 million after the split, which is expected to take effect on May 22.Previously, Nakamoto reported its Q1 2026 financial results, with a net loss of $238.8 million. Of this amount, approximately $107.7 million came from write-downs related to the acquisition of pre-paid options, while another approximately $102.5 million in losses resulted from the book loss on its holdings of 5,058 BTC during a 23% decline in Bitcoin prices that quarter. (Decrypt)
Odaily News Documentary Finding Satoshi was released on Wednesday, claiming that Bitcoin creator Satoshi Nakamoto is not an individual but a pseudonym jointly used by cryptographers Hal Finney and Len Sassaman. Directors Tucker Tooley and Matthew Miele, through a four-year investigation, pointed out that Hal Finney was responsible for writing the Bitcoin code, while Len Sassaman was responsible for writing the text content, including the whitepaper. Hal Finney's widow, Fran Finney, admitted in an interview that her husband may have been involved in the creation of Bitcoin. Investigators eliminated other candidates such as Adam Back through a process of elimination, noting that the online activity records of Hal Finney and Len Sassaman closely match those of Satoshi Nakamoto. Additionally, the film includes a 90-minute interview with Sam Bankman-Fried, but it was ultimately not used.