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David Bailey announced that Nakamoto has strengthened its balance sheet by reducing debt by $45 million, extending maturities into 2027, and lowering financing costs. The company also maintains a treasury of 4,468 BTC.
Bailey stated that Nakamoto remains significantly undervalued and that the company's focus is to increase Bitcoin holdings.
Earlier this year, Bailey highlighted his view that NAKA is trading below its net asset value plus operating assets. He also noted a $1 million CEO stock purchase as a sign of confidence in the company. In a separate analysis, Bailey said bitcoin may experience continued volatility but maintained his confidence in the currency’s fundamentals as math-based money.