Nakamoto (Nasdaq: NAKA) announced in a company press release and an 8-K filing that on November 11, it amended its loan with Kraken. Of the 165 million USDT loan, 60 million USDT originally due on December 4 this year has been extended to December 4, 2027; the remaining 105 million USDT is still due on June 30, 2027. No principal payments are due this year. Under the amendment, the net value of bitcoin derivatives in the collateral account (but not less than zero) may also count as collateral.
As of September 30, the company’s official third-quarter report showed holdings of 4,283 bitcoins, with a fair value of approximately $357.9 million, of which 3,030 bitcoins had been pledged as collateral; cash of approximately $19.4 million and debt of approximately $164.9 million. Third-quarter net income was $85.5 million, primarily due to approximately $110.4 million in gains from changes in the fair value of bitcoin.
$BTC #Bitcoin
As of September 30, the company’s official third-quarter report showed holdings of 4,283 bitcoins, with a fair value of approximately $357.9 million, of which 3,030 bitcoins had been pledged as collateral; cash of approximately $19.4 million and debt of approximately $164.9 million. Third-quarter net income was $85.5 million, primarily due to approximately $110.4 million in gains from changes in the fair value of bitcoin.
$BTC #Bitcoin
