Nakamoto pushes $60M Kraken loan repayment to December 2027
CRYPTO NEWSKrakencoinbrief/daily · 2 sources
- Severity
- Low
- Sources
- 2
What happened
Nakamoto Holdings amended its Kraken facility, moving $60 million of principal from 4 December 2026 to 4 December 2027; the remaining $105 million is due 30 June 2027, so no principal matures in 2026. Total outstanding is $165 million in USDT. Net value of Bitcoin derivatives in the pledged Kraken account now counts as collateral, subject to limits set in the amendment. The firm had pledged 3,030 of its 4,283 BTC, worth about $253 million near $83,500 at end-September and about $210 million at $69,334, roughly 127% of the debt.
For experienced traders · Written by AI from 2 sources · Wrong?
What to do
- Check Nakamoto's next quarterly report for updates on its collateral coverage.
Written by AI from the sources, checked against them
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Who reported · 2 outlets
CoinDeskCryptoPotato
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