Nakamoto Kraken Loan Extended to 2027
2026-11-13 15:53:53
According to CoinMeta, Nakamoto announced that the repayment of $60 million in USDT would be deferred until December 2027, with another $105 million due in June 2027. Kraken has the option to liquidate the collateral when the contractual threshold is breached, which may occur before the loan is due. This extension removes this year's principal repayment plan but does not eliminate the liquidity and market risks faced by Nakamoto. As of September 30th, Nakamoto had pledged 3030 BTC, which, at that time's price, was valued at approximately $206.7 million, far exceeding the principal amount of $165 million.
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Source:Coinpedia
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