Nakamoto just snagged another full year before some of that Kraken debt hits due 😈. Still tho they owe $165 million in USDT rn and that’s kinda wild since the market values the whole company less than that 👀.
Extending The Kraken Debt Deadline 🕒
The crew over at Nakamoto Holdings tweaked their deal with Kraken to push the $60 million maturity from December 4, 2026 all the way to December 4, 2027 🔥. That leaves the other $105 million due on June 30, 2027 so zero principal payments are due this year at all. They are folding in the net value of Bitcoin derivatives from their pledged Kraken account as extra collateral but with some fresh limits set ✨. Tyler Evans their Chief Investment Officer dropped this on it “This amendment extends our runway and makes our collateral position more resilient. It gives us more flexibility to manage through Bitcoin price volatility so we can put our full attention on what we control: building our operating businesses and managing our Bitcoin holdings so that we can continue to grow through this market cycle. We are grateful to Kraken for being a supportive financing partner.” 💬.
Bitcoin Sales Slashed The Debt Load 🖤
Nakamoto grabbed $210 million back in December 2025 then cut $45 million off the total in June by selling some Bitcoin and derivatives for roughly $48 million lmao. By end of September they had pledged 3,030 of their 4,283 BTC holdings to Kraken as collateral worth around $253 million back then when BTC was near $83,500. At the current $69,334 price those coins sit at about $210 million which is still 127% of the $165 million owed 🌙.
Just another echo from the void by iconofsin.eth 💖
