bitcoinFeature
Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value
About 70% of the bitcoin treasury firm’s coins are pledged to the exchange, bought at roughly $118,000 each, and bitcoin now trades under $69,000.
Reported by 2 outlets · CoinDesk · cryptobriefing.com
That is an awkward sentence for any public company to read about itself. The Nasdaq-listed firm (NAKA) has bought itself some breathing room. It amended its loan agreement with the exchange, pushed one repayment deadline back by a year, and cleared its calendar of any principal payments in 2026.
Nakamoto amended the credit agreement with Kraken, formally Payward Interactive, Inc., on November 12, 2026. The headline change involves a $60 million tranche denominated in USDT, the Tether stablecoin. That tranche was originally due on December 4, 2026.
It now matures on December 4, 2027. Nakamoto has zero principal due in 2026.
