Nakamoto Owes Kraken $165 Million—More Than the Market Says It’s Worth
Key Highlights: Nakamoto’s $60 million Kraken loan tranche has been extended from December 4, 2026, to December 4, 2027. The company now has $165 million outstanding in $USDT debt, with $105 million due by June 30, 2027, and $60 million due by December 4, 2027. Kraken will count the net value of Nakamoto’s Bitcoin derivatives ...