The Bitcoin treasury firm Nakamoto has restructured its debt to the Kraken exchange, which currently totals $165 million and surpasses the company's total market capitalization.
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The Bitcoin treasury firm Nakamoto has restructured its debt to the Kraken exchange, which currently totals $165 million and surpasses the company's total market capitalization.
Nakamoto's debt restructuring delays immediate financial pressure but raises concerns about long-term solvency and shareholder value. The post Nakamoto owes Kraken $165M, more than the market says it is worth appeared first on Crypto Briefing. 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.
Crypto Briefing reported the story as "Nakamoto owes Kraken $165M, more than the market says it is worth."
2 sources have covered this story, including Crypto Briefing and CoinDesk. The earliest reporting in the cluster landed 42 minutes ago.
How each side is reporting it
How the left is reporting it
How the wires + center are reporting it
How the right is reporting it
How it spread
Left 0Center 2Right 0No left or right outlets yet.
Time since the first report
Who carried it, in order
- FirstCoinDeskNov 13, 1:03 AM ET · United StatesCenter
- +4mCrypto BriefingNov 13, 1:08 AM ET · United StatesCenter
Claim ledger
[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.