Shocking: Nakamoto, the Bitcoin treasury company led by David Bailey, owes Kraken 165 million USDT! That’s far more than its market value of just $104 million.
A $60 million payment has been deferred until 2027, piling enormous repayment pressure into a single year. This is a postponement, not a solution.
Nakamoto’s 3,030 BTC is collateral for the loan, but its current value is only about 126% of the total debt. The financial cushion is extremely thin.
If Bitcoin continues to fall, Nakamoto could face a margin call. The pressure to sell off assets to add collateral or repay the debt would be immense.
This is a potential liquidation risk that could send shockwaves through the $BTC market. What do you think about Nakamoto’s future and the impact this could have?
#Crypto #Bitcoin
$BTC
A $60 million payment has been deferred until 2027, piling enormous repayment pressure into a single year. This is a postponement, not a solution.
Nakamoto’s 3,030 BTC is collateral for the loan, but its current value is only about 126% of the total debt. The financial cushion is extremely thin.
If Bitcoin continues to fall, Nakamoto could face a margin call. The pressure to sell off assets to add collateral or repay the debt would be immense.
This is a potential liquidation risk that could send shockwaves through the $BTC market. What do you think about Nakamoto’s future and the impact this could have?
#Crypto #Bitcoin
$BTC